[…] Too bad that the Fed’s policies are turning most of the real economy into a barren parking lot.
Janet Yellen was out speaking today, trying to salvage some shred of the Fed’s credibility after that awful Non-Fulltime Payrolls Report last week.
But despite the happy talk it just did not work.
Maybe people are listening to what the Fed heads are saying, but looking at the Fed’s own data and seeing things like this chart on Labor Market Conditions on the right.