Yellen: A Painfully Slow Recovery for America’s Workers: Causes, Implications, and the Federal Reserve’s Response

Thank you for the opportunity to speak to you today about the Federal Reserve’s efforts to strengthen the recovery and pursue a goal that it shares with the labor movement: maximum employment.1 As an objective of public policy, maximum employment doesn’t appear in the U.S. Constitution, in any p…

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Yellen: A Painfully Slow Recovery for America’s Workers: Causes, Implications, and the Federal Reserve’s Response