Sunday, August 23, 2015

Fed Has a Theory, but Proof Is Patchy

As the Federal Reserve ponders raising rates, one of the economic theories it is relying on is the Phillips curve, which holds that as the jobless rate falls, inflation rises. But the link has been elusive in U.S. data after the 1960s.

from WSJ.com: US Business http://ift.tt/1JJ9MjF
via IFTTT

No comments:

Post a Comment