Unemployed Activists At Jackson Hole Hope Their Charts Convince Central Bankers To Hold Off On Rate

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http://www.businessinsider.com/r-unemployed-take-their-case-to-fed-officials-at-jackson-hole-2014-8


Fischer, vice chairman of the Federal Reserve System, speaks with a demonstrator at the Jackson Hole Economic Policy Symposium in Jackson Hole

Reginald Rounds was among those present at the Federal Reserve's high-flying monetary conference here, enjoying the chance to button hole two top officials of the U.S. central bank.

The St. Louis resident is neither an economist nor a central banker. He's a 57-year-old unemployed worker, who said he is trained in the green technology field and can't find a job.

He was among a group of activists who gathered on the sidelines of the Fed's annual symposium wearing green t-shirts with "What Recovery?" on the front and a chart depicting sluggish U.S. wage growth on the back.

"From the world where I reside, there is no recovery. We need a boost. We need a jump start," said Rounds. "The key is jobs creation."


Derek Laney of St. Louis protests during the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming.

Read more: http://www.businessinsider.com/r-unemployed-take-their-case-to-fed-officials-at-jackson-hole-2014-8#ixzz3BJOzCxxN



Read more: http://www.businessinsider.com/r-unemployed-take-their-case-to-fed-officials-at-jackson-hole-2014-8#ixzz3BJOh70rr

[KG]

1. funny in a sad kinda of way these supposed experts seemto be perplexed as to the nature of weak

economy

[Laelth]

2. The Federal Reserve has been doing all it can to fight Congress.

Congress is the problem, not the Fed.

And I have to disagree with Mr. Rounds. The key is not job creation. We do not need more jobs. What we need is for all jobs to pay a living wage (so that a family can live off of one job--and not have to have three or four jobs to make ends meet).

-Laelth