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So wait, the Fed, whose chairman just a month or two ago was talking about how unemployment needed to go up in order to make inflation go down is now claiming t
by renewedrebecca 4y ago
So wait, the Fed, whose chairman just a month or two ago was talking about how unemployment needed to go up in order to make inflation go down is now claiming that more workers are needed to make inflation go down?
They're just making this up as they go along, aren't they?
- gotorazor 4y agoWell, no. Those two things go hand-in-hand. Even tho "unemployment" is a percentage, increasing the denominator doesn't mean that you're holding the numerator steady. If anything, you are probably holding the total number of workers steady.