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Sounds like the Fed expects unemployment to rise and are ok with it if it means cooling off rate of inflation. https://www.bloomberg.com/news/articles/2022-05-

• streetcat1 4y ago
  How, Where are they are going to find the employees? Remember that half of the baby boomer retired. I think that the US is facing 20 years of tight label market. Especially if globalization is on its way out.
  • adam_arthur 4y ago
    Look at unemployment pre and post GFC. To save you the time, 4% to 10% in a matter of months. Unemployment is almost always lowest prior to a recession. It's exactly an overheated labor market that drives the Fed to tighten and induce a recession to cool off inflation. Inflation cannot be defeated without driving unemployment up, when labor market is this tight. Wages rising at 6%+ is not conducive to 2% inflation