Apr 10, 2014
Mike Englund, chief economist at Action Economics, says the Federal Reserve is trying so hard to be transparent, e.g., by providing a list of economic indicators it’s watching to decide when to move interest rates, that it may have dug itself into a hole where markets expect a move on policy when one may not be forthcoming. He also says the drop in jobless claims last week to the lowest level since 2007 is a legitimate sign of labor market improvement. Englund speaks with Bloomberg’s Kathleen Hays, and guest host Jack Rivkin, chief investment officer at Altegris Advisors LLC, on Bloomberg Radio’s “The Hays Advantage”.
Listen to podcast here: http://media.bloomberg.com/bb/avfile/Economics/On_Economy/v_l8eQ8bAtOI.mp3