There's the dodge again. No source, no detail. I did not say QE did not accomplish anything. I asked how the Fed can directly influence the employment rate.
If that is your question, I don't think they can, not directly! I don't believe the Fed believes they can do it "Directly." They do it indirectly. I don't think the Fed has a way to do it directly, do you?
The employment mandate was just another monkey placed on their backs by democrats who don't understand money
The Dual Mandate: Has the Fed Changed Its Objective? Daniel L. Thornton The Federal Reserve is said to have a dual mandate of price stability and full employment. While the Fed has mentioned price stability as one of its primary goals, it has been reluctant to mention employment as a separate policy objective, preferring instead to state that maximum employment could best be achieved by achieving price stability. This hesitance ended with the December 2008 policy directive in which the Federal Open Market Committee (FOMC) noted its objectives were “maximum employment and price stability.” Operationally equivalent language first appeared in the FOMC’s policy statement in September 2010 and has appeared in every subsequent statement. This article reviews the FOMC transcripts and biannual statements to Congress to provide some insight into the Fed’s historical reluctance to mention employment as an independent policy objective. The FOMC documents do not point to a specific reason for the historical reluctance, but they provide a few clues. Perhaps more importantly, they point to two changes that may explain the recent change in language: the increased emphasis on economic stabilization and the shift in emphasis from the growth rate of output to the level of output. (JEL E52, E58) https://research.stlouisfed.org/publications/review/12/03/117-134Thornton.pdf
oh yeah, that is just great, only a democrat would think being employed is a good thing. I'm a hardcore socialist, I think everybody should own everything. Maximum employment to me means we have failed. I want maximum ownership. People tend to take better care of things they own.
You sound more like an anarchist than a socialist. BTW "a hardcore socialist" usually don't care about ownership. She just want everything for FREE.
no actually, I'm a big believer in local ownership of local resources I'm also a hardcore libertarian, but my socialist message has been corrupted by politics into free stuff, and my libertarian message has been corrupted into Lassies Last Fair
Yield on 10-year Japan government bond falls below zero for first time Leslie Shaffer | CNBC.com 10-year Japan government bond (JGB) dropped as low as negative 0.004 percent. The fall came on the heels of a global stock market sell-off overnight that likely spurred safe haven flows back into Japan. Bond prices move inversely to yields. The U.S. five-year Treasury yield also fell to around 1.1112 percent in Asia trading hours, its lowest since June 2013, when markets convulsed during the taper tantrum after the U.S. Federal Reserve first broached the idea that it would be tapering its quantitative easing program. TheU.S. 10-year Treasury yield fell as low as levels around 1.6947 percent, a more than one-year low. The 10-year JGB's move to zero yield also follows the Bank of Japan's (BOJ) move to a negative interest rate policy, which makes the return on JGBs, even at a zero yield, as well as the possibility of further price rises more attractive. The 10-year JGB yield has so far managed to avoid falling into negative territory but analysts expect that to happen soon.