{"id":2840,"date":"2011-12-06T11:27:13","date_gmt":"2011-12-06T16:27:13","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=2840"},"modified":"2011-12-06T11:27:13","modified_gmt":"2011-12-06T16:27:13","slug":"a-more-dovish-fed","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/a-more-dovish-fed\/","title":{"rendered":"A More Dovish Fed?"},"content":{"rendered":"<p>While the latest figures show the unemployment rate dipping below 9 percent, a lot of this decrease has to do with individuals giving up and leaving the labor force.\u00a0 As for additional stimulus, Congress is currently negotiating an extension, and possible expansion, of the payroll tax cut.\u00a0 But Republicans are insisting that it be &#8220;paid for,&#8221; so it&#8217;s not yet clear what effect this would have if passed.\u00a0 That leaves the Federal Reserve as the only US institution to turn to.\u00a0 Zero Hedge tries to provide some (small) reason for <a href=\"http:\/\/www.zerohedge.com\/news\/when-doves-laugh-4-weeks-until-quiet-coup-fed-gives-qe3-green-light\">optimism<\/a> on this front, suggesting that the composition of the FOMC may become more &#8220;dovish&#8221; in 2012 when the next group of voting members is rotated in (Fisher, Kocherlakota, Evans, and Prosser out; Pianalto, Lacker, Lockhart, and Williams in).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the latest figures show the unemployment rate dipping below 9 percent, a lot of this decrease has to do with individuals giving up and leaving the labor force.\u00a0 As for additional stimulus, Congress is currently negotiating an extension, and possible expansion, of the payroll tax cut.\u00a0 But Republicans are insisting that it be &#8220;paid [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[1128,7,75],"class_list":["post-2840","post","type-post","status-publish","format-standard","hentry","category-monetary-policy","tag-employment","tag-federal-reserve","tag-quantitative-easing"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=2840"}],"version-history":[{"count":13,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2840\/revisions"}],"predecessor-version":[{"id":2855,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2840\/revisions\/2855"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=2840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=2840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=2840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}