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Yes the fed has been fairly transparent that they intend to raise unemployment via higher rates in order to combat inflation. Well unemployment is still very lo
by mberning 4y ago
Yes the fed has been fairly transparent that they intend to raise unemployment via higher rates in order to combat inflation. Well unemployment is still very low and inflation is still relatively high. Perhaps they will decide to do another 50bps hike instead of 25bps.
- tootie 4y agoThat's just not true at all. They have correctly observed that tight labor is contributing to inflation and fighting inflation could lead to higher unemployment. That's just nature taking it's course. Unemployment is absolutely rock bottom right now and the current regime of tightening has not put a dent in it. The Fed could not possibly be getting any clearer signal that they are doing the right thing now.