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> Fed will have to go much harder to fix the broken job market Fed wants to break the job market, to reduce wage inflation.
by lupire 4y ago
> Fed will have to go much harder to fix the broken job market
Fed wants to break the job market, to reduce wage inflation.
- adam_arthur 4y agoYes, and they will. Despite the wishful thinking to the contrary. It could have been prevented with more responsible monetary policy in 2021
- JumpCrisscross 4y agoThis thread is people talking past each other on varying definitions of “breaking.”
- unstatusthequo 4y agoI think much earlier than 2021. As soon as the first COVID stimulus dollar went out, there should have been an inflation mitigation plan.
- papito 4y agoAre we forgetting reckless printing of money during 2020 and the purposeful lack of oversight (Small government! Down with regulations!) that resulted in basically looting of the treasury? https://www.nytimes.com/2022/08/16/business/economy/covid-pandemic-fraud.html https://www.nytimes.com/2022/08/16/business/economy/covid-pa... Not to whataboutism here, there is an argument to be made in this case, but let's not selective eh.