Originally Posted by The Mad Crapper
The Chicago Fed's Evans not only backed more easing but repeated his call for a price-level target, a bolder move than inflation targeting, saying that there was little chance the U.S. unemployment rate, now at 9.6 percent, would fall below 8 percent by 2012.
The unemployment rate is at Great Depression levels of 22 percent if calculated using the same criteria per shadow stats.
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