Fed weighs more ambitious goal for sweet spot on full employment
Bloomberg - 03/05/2015
William Dickens, a visiting scholar at the Boston Fed, isn’t so sure, saying “there are mixed signals as to whether we are at full employment.”
While his research indicates “we are at the natural rate now,” the lack of certainty suggests holding off on rate increases, said Dickens, a Northeastern University professor and Brookings Institution senior fellow.
“Don’t fire until you start seeing real signs of price inflation, there is sufficient uncertainty” about where full employment is, he said.