"We recognize it when we make a mistake, and we adjust" — Minneapolis Fed president

Dec 19, 2019
The central bank made a policy U-turn in 2019, cutting interest rates. Neel Kashkari says that's a good thing.
Neel Kashkari testifies before the Senate Committee on Banking, Housing and Urban Affairs in 2008.
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Canada's immigration system has created a labor shortage

May 1, 2018
Haitians, whose temporary protected status is ending in the U.S., are helping to solve the problem.
A U.S. Border Patrol agent walks onto a frozen lake that is split between Canadian territory to the right and the United States in 2006 near Norton, Vermont.
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2017 jobs picture was rosy, but are we at full employment?

Dec 29, 2017
2017 was a good year for jobs. Over the past year, (November 2016 to November 2017, the latest figure available), unemployment’s fallen by half a percent to just 4.1 percent. And according to orthodox economics, that means we’re hovering around…

With full employment in view, who’s still looking for work?

Mar 10, 2017
We’re getting awfully close to what economists call full employment. It means that unemployment is low enough that everyone who wants a job can pretty much find one. So if you push the unemployment rate a whole lot lower, you…

How we get to "full employment"

Jul 8, 2016
If the economy were to keep adding 287,000 jobs, month after month, most of those who have dropped out of the workforce would likely come back.
Employees working in an office building. 
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Does 5.1 percent = full employment?

Sep 4, 2015
Maybe not until we see employers bidding up wages.