Sentences with phrase «considerable economic slack»

The bank also said Canada saw gains in employment, but that considerable economic slack remained present when compared to the United States.

Not exact matches

In that sense, the Fed has the potential to make a huge structural difference in the economic lives of blacks and other minorities by heavily weighting the full employment part of the their mandate relative to the inflation part, especially since there's still considerable slack in the job market, with lower - wage, minority workers facing the brunt of it, and — importantly — little evidence of inflationary pressure (if anything, the Fed has missed their inflation target on the low side for a few years running now).