https://en.m.wikipedia.org/wiki/Federal_Reserve_Act?wprov=sfla1
Such power having been granted by Congress.
https://en.m.wikipedia.org/wiki/Federal_Reserve_Act?wprov=sfla1
Such power having been granted by Congress.
The members of the Federal Reserve Board of Governors are nominated by the President of the United States and confirmed by the U.S. Senate.
https://www.federalreserve.gov/faqs/about_12591.htm
You've got to love a liberals perspective!!! The thing is, under omama, wages dropped substantially.
From CNBC:
US nonfarm payrolls total 222,000 in June vs 179,000 expected
From CNBC:
US nonfarm payrolls total 222,000 in June vs 179,000 expected
- Nonfarm payrolls jumped 222,000 in June, against expectations of 179,000.
- However, wage growth was muted, with average hourly earnings up 2.5 percent on an annualized basis.
Great, the US economy added 220,000 jobs in June, but I wonder how many jobs were lost, being that the unemployment rate still went up a bit (1/10th of 1%)?
more than 220,000
Actually, the labor participation rate is at it highest point since the 1980's. That means more people are working now as a percentage of the population in over 30 years, you know, under Reagan. And the U6 enemployment number has improved which means more people are working full time instead of the great part time job recovery under okamama.
Say it however you want, unemployment went from 4.3% to 4.4% in the last few months.
And that means nothing to the average person. Except for all those people underemployed or working part time.
What it means is this news of 220,000 new jobs is a slanted story for not reporting the rise in the overall jobs situation.
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