Janet Yellen is getting the wrong message from a stubborn soft spot in the job market

Brian Kersey/Getty Images Fed officials are convinced labor force participation declining due to an aging workforce Data showing rises in participation for minorities suggest the Fed is wrong Keeping rates low for longer could help more Americans return to labor market The Federal Reserve isn't giving American workers enough credit. At first, most Fed officials viewed the steep post-recession slump in US workforce participation as a reflection of the downturn and its severity, something that wou...