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Because the government doesn’t? We’ve been raising interest rates for over a year without UE jumps, and the last two major spikes in UE weren’t caused by intere
by dividedcomet 3y ago
Because the government doesn’t? We’ve been raising interest rates for over a year without UE jumps, and the last two major spikes in UE weren’t caused by interest rates. Saying the government controls UE is like saying the government controls the tides.
- Racing0461 3y agoIt's basic keyseian economics. > Higher levels of unemployment might motivate the Fed to lower rates and spur economic growth, while low levels of unemployment might motivate higher rates to curb inflation. https://www.investopedia.com/articles/investing/103015/how-labor-force-participation-rate-affects-us-unemployment.asp#:~:text=Higher%20levels%20of%20unemployment%20might%20motivate%20the%20Fed%20to%20lower%20rates%20and%20spur%20economic%20growth%2C%20while%20low%20levels%20of%20unemployment%20might%20motivate%20higher%20rates%20to%20curb%20inflation https://www.investopedia.com/articles/investing/103015/how-l....