Tag Archives: Economy

With an economy like this who needs friends…

Today the president of the Federal Reserve Bank of San Francisco, Janet L. Yellen said that a sharp increase in worker productivity was “here to stay.”

She predicted that unemployment, now at 9.7 percent, would fall to 9.25 percent by the end of the year and around 8 percent by the end of 2011. And she described the current inflation rate as “undesirably low.” ...  [ read more ]