same article: "The waning intensity of their searches suggests that they may not be putting as much downward pressures on wages -- and inflation -- as some macroeconomic models assume, said James Stock, a professor of economics at Harvard University in Cambridge, Massachusetts.
That doesnât mean the Fed should start worrying about accelerating prices, according to Stock. âWe still have a very weak economy,â he said. âDisinflation strikes me as a much greater risk than inflation at the moment.â "
'professor of economics at Harvard University'...
That doesnât mean the Fed should start worrying about accelerating prices, according to Stock. âWe still have a very weak economy,â he said. âDisinflation strikes me as a much greater risk than inflation at the moment.â "
'professor of economics at Harvard University'...