4 ms·
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 e
by 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