While Central Banks argue, with much justification, that such policies have reduced income inequality
by bringing down unemployment, the effect has been to exaggerate wealth inequality.
«If our country is serious about successfully competing in a 21st century global economy and
bringing down unemployment rates, we need to focus on and prioritize investing in education,» said Daniel A. Domenech, executive director, AASA, in a statement.
«There isn't enough growth yet or enough job creation to
bring down unemployment, but the economy is on a sound footing now.
The Fed's latest move is a clear signal they'll keep inflating the economy to try to
bring down unemployment, as it has historically done.
He added that the impediments to
bringing down unemployment are immense and potentially beyond the Fed's tools.
Yellen is known as a dove on inflation because she is willing to tolerate a higher level in order to
bring down unemployment.
Her detractors see her as too «dovish» on monetary policy, worrying she may be too soft about fighting inflation because of a strong desire to
bring down unemployment.
In addition, a recent report on housing starts showed that more new buildings are being constructed than at any point since July of 2008, and a revitalized construction industry could do much to
bring down unemployment and spur economic activity.
They predicted that even though the private sector will create 1.5 million jobs over the next five years it will not be sufficient to negate public sector job cuts,
bring down unemployment or mop up new entrants to the labour market.
That's the amount the Federal Reserve has been pumping into the financial system each month trying to stimulate growth and
bring down unemployment.
Experts agree the UK economy is not growing fast enough to
bring down unemployment and that a radical approach by the government is needed.