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AFL-CIO Now

Showing blog posts by Thomas I. Palley

Yellen to Washington, D.C.: Fiscal Austerity Slows Recovery

Janet Yellen. Photo courtesy of the Federal Reserve.

Last Monday, Federal Reserve Vice Chair Janet Yellen gave the keynote speech at an AFL-CIO economic policy conference on restoring shared prosperity. 

Yellen began by noting that the Federal Reserve “is the only agency assigned the job of pursuing maximum employment.” 

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