The Phillips Curve: Powell Said Nothing New- by NEIL SISKIND

The suggestions that Chairman Powell said something earthshaking before Congress this week when he conceded that the Phillips curve may have become irrelevant, are way overdone. Powell has made many such references in the past. Here’s a quote out of the Chairman from an FOMC meeting press conference last December. Powell has been suggesting the death of the Phillips curve for some time.

Powell- December, 2018-

“I do expect … wage increases will continue, and that will be a welcome development. Wage increases do not need to be inflationary. There are examples in the late 1990s … we had wage increases above productivity plus inflation, we did not have high inflation. So it would be welcome … I would expect wages will keep moving up. It doesn’t necessarily mean inflation … we don’t think about it that way.”

Powell’s statement from December is, actually, “more” dismissive of the Phillips curve than his statements made in his testimony this past week where he said that the natural rate of unemployment is probably lower than we thought, and that “at some point”, if unemployment went low enough, there “would” be wage pressures & general price inflation (which seems to contradict, or, at least, dial-back, his December, 2018 statement).


Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

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The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

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Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
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Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

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Medical Debt Counsel

Medical Debt

Medical debts can arise due to a visit to a doctor or dentist’s office, or, more often, from a visit to a hospital or emergency room. Either way, it’s frustrating because we all have medical needs, and this has now become a major cost that you can’t afford to pay. While no one can make the payment that has come due disappear, maybe something can be done to make it less, and to get more time to pay it off.

Let us try to make your life a little easier, if possible

Debt Resolution – Flat, Contingent Fee – $250.00

Debt Resolution – Flat, Contingent Fee – $250.00

Only pay if you get the resolution you want.

We recognize the financial burdens and the impractical legal costs for certain individuals in retaining an attorney to help deal with creditors and debt collectors. But, having an attorney on your side to deal with a debt collection action or debt-related judgment levels the playing field by ensuring that the debt is legitimate, that debtors are not unduly or illegally harassed, that creditors follow proper legal procedures, and that debtors are protected from paying more money to creditors than necessary.

In the goal of helping New Yorkers, we offer a flat and contingent $250.00 fee to debt, where we:
– Respond to collector or attorney letters and phone calls
– Negotiate with creditors on your behalf
– Review facts of the alleged debt to ensure there was really a debt
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– Ensure that proper collection practices are being followed
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– Get a proper written settlement agreement, or a satisfaction of a judgment

The flat fee for our debt aid services is $250.00. There are no additional legal fees or charges (except for any overnight and certified mailings at clients’ requests). Services and fees are subject to a written agreement between this firm and the respective client.

We can try to help you if you have received:
– A collection letter
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– Have a known debt
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We work with businesses, creditor’s attorneys, and collection agencies to settle claims for an amount that you, the client, determines is acceptable.

Due to the large volume of inquiries for this program, please allow up to 24 hours to receive a response.

Important: This service is not available to you if:  (i) Your bank account monies have been seized or levied; or (ii) you have already been served with a lawsuit (however, if the lawsuit has already been turned into a “judgment” we can assist); (iii) if you are not already 6 months behind and in default of a credit card debt. These companies will often only negotiate if you are in default already.

We can also help renegotiate a (non credit card related) debt before you go into default (for example, a debt or obligation on a business matter you are trying to restructure before it gets too late).
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