in

Fed's Daly: 'Dangerous' to pick one metric for full employment

“There’s a danger in computing a number and saying, that means we are there,” Daly said at a Shadow Open Market Committee virtual event, adding that the Fed needs to look at a range of indicators, a “dashboard” of metrics. The Fed last year said it would target maximum, “inclusive” employment, but it does not define that state numerically, as it does with its 2% inflation goal.


Source: Economy - investing.com

Tesla’s crypto-friendly CEO is now the richest man in the world

Elon Musk is now the richest person in the world, passing Jeff Bezos