When the U-3 unemployment rate
suggested that the economy was
approaching full employment, Chair Yellen held her ground and directed market participants to look at broader economic indicators for signs of labor market slack (
please see: Yellen's opposition to following «simple monetary policy rules»).
He asks for other ways to
approach this task, so if you have any to
suggest,
please e-mail them to me at PodChronicles AT Gmail Dot Com.