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> There is a major difference between "this thing we have to do in order to hit our target 2% inflation rate may unfortunately increase unemployment" and "the f
by Octoth0rpe 4y ago
> There is a major difference between "this thing we have to do in order to hit our target 2% inflation rate may unfortunately increase unemployment" and "the fed wants layoffs"
I don't think that is a major difference to someone who is laid off because of intentional decisions that the fed makes to effect an outcome, knowing that layoffs will be a consequence.
- JumpCrisscross 4y ago> don't think that is a major difference to someone who is laid off because of intentional decisions that the fed makes to effect an outcome The difference between being laid off and having job offers versus going onto a growing roll of the unemployed is major. We're not seeing a meaningful increase in unemployment [1][2]. [1] https://fred.stlouisfed.org/series/ICSA https://fred.stlouisfed.org/series/ICSA [2] https://fred.stlouisfed.org/series/CCSA https://fred.stlouisfed.org/series/CCSA