Protesters want Fed to focus on jobs

Jennifer Dulugosz, assistant professor of finance, tells St. Louis Public Radio that protests at Federal Reserve banks across the country this week were misguided if correcting unemployment disparity was the goal. “We know from macroeconomics that if the Fed tries to push the rate of unemployment below the natural rate, which people think is 5.5 percent, that it wouldn’t work and that it would just accelerate inflation,” she said.

Read Maria Altman’s report here.

Image: by Maria Altman. Derek Laney, Michael McPhearson, and Jeff Ordower (from left to right) were among protesters outside the Federal Reserve Bank of St. Louis on Thursday.

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