I think you missed my point. The Fed will definitely react unemployment. That's their mandate. I'm specifically saying they won't react to GDP which is what def

I think you missed my point. The Fed will definitely react unemployment. That's their mandate. I'm specifically saying they won't react to GDP which is what defines a recession. Unemployment hurts. Inflation hurts. GDP is just a number. That's why the Fed has to balance inflation and employment. The current situation is that employment is very, very strong and even a substantial slowdown probably won't raise unemployment to unmanageable levels.