Actually it is just a coincidence, both numbers happen to be the same. Fed does not “set” unemployment rates but they are predicting the effect of the policy wi

Actually it is just a coincidence, both numbers happen to be the same. Fed does not “set” unemployment rates but they are predicting the effect of the policy will be 4.4% unemployment by the end of 2023. Separately, the median forecast for fed funds rate by the end of 2022 is 4.4%. From Fortune: “Officials expect the benchmark rate to rise to 4.4% by year end and 4.6% during 2023, according to the median estimate in updated quarterly projections published alongside the statement. … The updated forecasts also showed unemployment rising to 4.4% by the end of next year and the same at the end of 2024 — up from 3.9% and 4.1%, respectively, in the June projections.” https://www.google.com/amp/s/fortune.com/2022/09/21/fed-raises-interest-rate-75-basis-points/amp/ https://www.google.com/amp/s/fortune.com/2022/09/21/fed-rais...