There is little hiring going on, and for many Americans, it doesn't feel like a good labor market. So the solution to the current unemployment problem is not to tell the Fed to abandon the goal of maximum employment. The solution is to empower the Fed to do even more. Recent graduates deserve more. Having a job and earning a paycheck is a beautiful and essential thing. (04:18–04:20)
CLAIM
Asserts that empowering the Federal Reserve is the solution to unemployment.
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