"They'll have to go back to making it more symmetric of how they think about both inflation and unemployment."
"The Fed has shown inflation is declining and it can take the labor market into consideration. This is very good news for interest rate cuts."
Deborah J. Lucas said that every economist at the Jackson Hole Symposium will try to share their opinion on what the Fed should do next.
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When employers hold back wages for retirement savings, younger consumers and less-wealthy people cut their spending. Wealthier individuals tap their deposit accounts.
"Social Security's problems are not caused by immigrants. To the contrary, immigration strengthens Social Security's finances."
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Bankruptcy is designed to give distressed Americans a fresh financial start, but new research shows that Black filers are more likely to have their cases dismissed than whites filers.
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Many experts and observers blamed 2022’s high inflation on the pandemic’s backlogged supply chain. New research shows that assessment is inaccurate.
Khushi Pathak, an MIT Sloan Master of Finance student, chose MIT Sloan because of its global reputation and strong alumni network. See how Khushi spends her day -- a typical Tuesday -- during the spring semester at MIT Sloan.
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Voluntary climate commitments by financial institutions aren’t having a positive impact, research finds. But banks do have time to reverse course and make progress.
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When investors cling to existing beliefs, they underestimate good financial advice and miss out on opportunities, new research finds.
