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…