Issues and events that shape Long Island's economic and legislative landscape.

Saturday, September 24, 2016

Response to Comments From Fed Chairwoman Janet Yellen

lowreslialogo.jpgResponse to Comments From Fed Chairwoman Janet Yellen

"Chairwoman Yellen remarked today that labor market conditions remain unsatisfactory and that inflation is too low, and thus the Fed will continue its accommodative economic policies. She is right to continue economic stimulus measures as underemployment remains too high but inflation is low. Meanwhile, the recent slowdown in housing may have reflected severe weather conditions in which case one might anticipate a rebound this spring," said Dr. John Rizzo, LIA Chief Economist. 

John is available for further discussion/questions at his cell phone (631) 741-8539 and via email