I'm looking for the word "jobs" in the wordcloud from Bernanke's Jackson Hole speech this morning and I'm not having any luck. Maybe someone else can find it.
It's an amazing collection of words, none of which seem to address the number one problem in America Unemployment. In case anyone forgets, "full employment" is a
key piece of the Fed's charter.
Remember, the end goals of monetary policy are sustainable economic growth, full employment and stable prices. Through monetary policy, therefore, the Fed attempts to tweak the economy to the right levels.
It's hard to do that when you refuse to even talk about it.
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