"Re: "Last week, Fisher argued that a so-far unpublished (i.e. secret) paper by his staff showed that “declines in the unemployment rate below 6.1 percent exert significantly higher wage pressures than if the rate is above 6.1 percent.”
First we had the 90% cliff and now we have the 6.1% cliff. OMG! Where are the grad students when we need them?"