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Why the Fed Expects Unemployment to Fall to 3.6%

Ricky Cove
Why the Fed Expects Unemployment to Fall to 3.6%

The FOMC (Federal Open Market Committee), as part of its statutory mandate, seeks to foster maximum employment and stable prices (TIP). The efforts of the Fed with its accommodative monetary policy and excessive money printing helped bring back unemployment below the target rate of 4.5%. Over the last 12 months, unemployment levels have fallen to a 17-year low of 4.1%.