QE til 6.5% Unemployment? How’s 2018 sound?
Source: Hamilton Project
Last night, I tweeted this graphic of the job creation required to get to 6.5% unemployment. (Hat tip Dylan Matthews)
At 150k new jobs per month, this implies that we have QE until 2018.
For those traders afraid of the end of QE — you have some time to worry about it . . .