The Fed Should Raise Rates Because Brazil has Low Unemployment?
June 08, 2010 at 15:16 PM EDT
Wow. Raghuram Rajan says the Fed should raise rates because hiring in Brazil is robust: Moreover, even if corporations in the US are not hiring, corporations elsewhere are. Brazil’s unemployment rate, for example, is at lows not seen for decades. If the Fed were to accept the responsibilities of its de facto [...]