Fed Washes Its Hands Off Unemployment Mandate

The monetary policy objective of Federal Reserve Board is to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. But, if after seeing Fed’s economic projections¬†you find it hard to believe in its commitment to¬†these objectives then you would be forgiven. Fed is projecting very high unemployment rate for the…

Around The Net In Ten Posts – Friday June 22, 2012

Here is what I am reading: German Property Market Soars Amid Euro Crisis (Spiegel Online) As Growth Ebbs, Brazil Powers Up Its Bulldozers (The New York Times) Dividend-paying stocks worth paying for (MarketWatch) Ghost of Nazi Past Haunts Austerity-Gripped Europe: Euro Credit (Bloomberg) Ten Brands That Will Disappear In 2013 (Business Insider) Koo on German…