Yale's Roach Feels Fed Lacks Guts to Normalize Policy

The video discusses the challenges faced by central banks in normalizing monetary policy after the financial crisis, the potential impact of President Trump's immigration policies on the US job market, and debates around employment statistics and economic indicators. It highlights the tension between maintaining low interest rates and the need to address economic uncertainties, as well as differing views on the state of employment and its implications for inflation and economic growth.

Discuss the differing views on employment and the labor market presented by various economists.

What does Chair Yellen's use of the term 'slack' indicate about the labor market?