Morning Scan: Fed Is Split on the Depth of Underemployment

Receiving Wide Coverage ...

Fed Discusses Labor Market: Federal Reserve Board members debated whether there is slack in the U.S. labor market, which would keep wages and inflation down. The minutes from the April 29-30 Federal Open Market Committee meeting shows Janet Yellen supporting the view that there are a large number of underemployed or unutilized workers and that means going slow on raising interest rates, according to the Wall Street Journal. But some other members...