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Search resuls for: "Macklin Fishman Andrea Miller"


2 mentions found


☆ Why it's possible to have too much employment in the U.S.
  + stars: | 2023-04-07 | by ( Macklin Fishman Andrea Miller Lindsey Jacobson | Macklin Fishman | Andrea Miller | ) www.cnbc.com   time to read: +2 min
Since 1977, the Federal Reserve has focused on creating maximum employment and maintaining stable prices, commonly known as the dual mandate. "[Maximum employment is] this more sort of amorphous thing," Rucha Vankudre, a senior economist at labor market analytics firm Lightcast, told CNBC. However, at the Federal Open Market Committee news conference in January 2022, Federal Reserve Chairman Jerome Powell announced that "labor market conditions are consistent with maximum employment." Maximum employment is also difficult to quantify because existing measures of employment, such as the unemployment rate or the labor force participation rate, often do not account for certain groups of people. Watch the video above to learn more about what maximum employment really means and how inflation impacts employment.
☆ Mark Zandi warns a recession may come in the second half of 2023
  + stars: | 2022-10-17 | by ( Macklin Fishman Andrea Miller | Macklin Fishman | Andrea Miller | ) www.cnbc.com   time to read: +1 min
Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. The Moody's chief economist said that if rising prices don't ebb “the only way to get rid of that persistent stubborn inflation would be to push the economy into a recession.” If there is a recession, Zandi said it "probably won’t happen until the second half of 2023."
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