Yes, but they've also raised rates a number if times in the last few decades over -fears- of inflation that wasn't yet present, even with employment/wages weak.

Yes, but they've also raised rates a number if times in the last few decades over -fears- of inflation that wasn't yet present, even with employment/wages weak. The Fed tries not to screw employment up, but I've not heard if them taking action to impact employment while they will for inflation. Even when inflation is too low by the Fed targets. All of this, however, is my only lightly informed opinion so I am open to being shown any errors.