While 22% of parents either stopped working or worked less in 2020 because of the Covid-19 pandemic’s disruptions, that figure jumps to 36% and 30% for Black and Hispanic mothers, respectively, Federal Reserve Chairman Jerome Powell said Monday. https://t.co/ewUE6ihuyP
— Real Time Economics (@WSJecon) May 5, 2021
Tuesday, May 4, 2021
Black and Hispanic female employment disproportionately effected by pandemic
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More progressive maybe. Or maybe just knows better. Either way, this is not your usual type of post and I am impressed about that. Thanks.
Job guarantee for blacks and hispanic females on the way!
Watch him flip flop on rates now that Yellen said they need to rise.
Well jerry B like Yellen said yesterday if too many minority females start to get employed and make more munnie then they can always raise interest rates to work against that further occurring...
Powell more focused on the primary “maximum employment “ part of their “dual mandate”....
The other thing is in the FRA in the phrase “maximum employment with stable prices” the “stable prices “ is the object of a preposition “with” forming a prepositional phrase...
The prepositional phrase is secondary modifier of the primary “ maximum employment “ in the clause...
Powell a lawyer who probably studied language interpretation extensively...
So here I’m a STEM person having to explain language art to Art degree morons ... who can’t even do Art correctly and could never cut it in Science...
All this “inflation!” concern out there without regard to the primary maximum employment is putting the modifying prepositional phrase BEFORE the subject of the clause in the law...
Powell knows this is an improper interpretation of the law...
Yellen an uneducated glorified house frau wedded to some crackpot monetarist thesis... probably same for Pocahontas...
Yellen also famously said that nobody even knows what inflation is or how it works... but now here she is saying we can just raise interest rates to get rid of inflation when she just told you she didn’t even know what inflation was or how it works...
How can you guys just sit there and keep defending your Cracker Jack box Art degrees???
This is embarrassing...
The 'concern' is that if everyone has a job, they won't be willing to work hard.
Hopefully you are saying "Well jerry B-like Yellen said yesterday- if too many minority females start to get employed and make more munnie then they can always raise interest rates to work against that further occurring..."
Because it would not be true if read as "Well jerry B, like Yellen, said yesterday- if too many minority females start to get employed and make more munnie then they can always raise interest rates to work against that further occurring..."
But maybe I'm pedantic because I have a B.A. in economics rather than a B.S.. I really don't understand why you go on about that distinction so often. Do you really think that explains why we might have different opinions about certain things?
Different methodology... you guys are not trained to test...
Look at the Japan situation where you guys are always saying they are going to have hyperinflation because they are expanding the “money supply” with their QE asset purchases but yet they never do...
'You guys'??? I think I have the same degree from the same school as Mosler does. Is Warren Mosler always saying they are going to have hyperinflation in Japan? Don't think so. I'll give you he is a bit brighter than I am.
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