Sam Bell and Skanda Amarnath are a part of a new organization called Employ America, a new research and advocacy organization that aims to get better labor market outcomes. Sam is also known on "FOMC Twitter" as an influencer when it comes to nominations for the Federal Reserve Board of Governors, and Skanda is a former hedge fund economist and New York Federal Reserve research economist. Sam and Skanda join the show today to talk about gross labor income targeting and the future path of Federal Reserve policy. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/06172019/sam-bell-and-skanda-amarnath-gross-labor-income-targeting Sam's Twitter: @sam_a_bell Skanda's Twitter: @IrvingSwisher About Employ America: https://employamerica.org/about/ Related Links: *Floor It! Fixing the Fed's Framework with Paychecks, Not Prices* by Skanda Amarnath https://medium.com/@skanda_97974/floor-it-fixing-the-feds-framework-with-paychecks-not-prices-78171423e9c1 *The Quick and Dirty Case for Cutting 50bps at the June 2019 FOMC Meeting* by Skanda Amarnath https://medium.com/@skanda_97974/the-quick-and-dirty-case-for-cutting-50bps-at-the-june-2019-fomc-meeting-c0e06616f0ad *Fed Inches Toward Rate Cut as Trade War Frays Patience* by Christopher Condon and Steve Matthews https://www.bloomberg.com/news/articles/2019-06-05/fed-inches-toward-rate-cut-as-trump-s-trade-war-frays-patience David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

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“What did the council decide on item 42?” — answered with the speaker and the moment.