Blog

H‑1Bs and Underemployment Rates for College Graduates

A persistent complaint about the H‑1B visa program for skilled foreign workers is that employers use it to replace U.S. workers, leading many to fail to find jobs. Of course, it is true that many U.S. college graduates fail to find jobs that use their education, but the fact is that the prevalence of this phenomenon has remained roughly constant for 30 years, even as the number of H‑1B visas issued has escalated.

Blog

Vice Chair Quarles’ Stigma Problem

Any potential gains from sticking to the Fed’s old toolkit are far outweighed by the potential costs of having to rely upon a tool which, if it isn’t quite “broken,” is too close to it for comfort.