Prof. Thomas Cooley is interviewed in advance of Fed Chair Janet Yellen's news conference
Excerpt from Forbes -- "Cooley also expects Yellen to address the slow down but not harp on it instead focusing on labor. 'Its important for people to be willing to take a more detailed look at what is happening in the labor markets,' he said. 'That is where signs of price pressure are going to show up. The great recession cast a very long shadow – particularly over labor markets. We are going to see labor markets getting better but only in small segments.'"