The Chicago Way Isn’t Even Partway And It’s Still Not Good For Powell, US Economy

By |2019-05-20T16:37:51-04:00May 20th, 2019|Markets|

In March 1999, Economists James Stock of Harvard and Mark Watson of Princeton published a paper in the Journal of Monetary Economics seeking answers for an inflation problem. For many years, it had been accepted that the unemployment rate was the only measure of economic activity necessary to infer inflation. The implications were enormous, especially [...]