With an economy like this who needs friends…
Feb23

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.” But overall this wouldn’t be operating at its full potential until...

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