We shouldn't use Fed to fight unemployment from beginning. The function of Fed is to control inflation/deflation, not employment.
This message has been edited 1 time(s).
Replies to: "We have to lose at least 2-3 mil jobs in order to tame this monster inflation. The debate is over:"
- Mark this day as the start of a recession. Let’s hope it’s only a year. Powell is trying - PBHangingChad - 9:32am 6/16/22
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- To paraphrse Obama... the 70's are calling and they want Jimmy Carter's economy back. [NT] - Curly1918 - 10:30am 6/16/22
- We have to lose at least 2-3 mil jobs in order to tame this monster inflation. The debate is over: - Eli - 10:04am 6/16/22
- At least people won't have to pack up their items and go home... - TakethetrainKnute - 10:19am 6/16/22
- Still a huge impact. We created false sense of becoming rich/middle class for many. It's a bubble. [NT] - Eli - 10:44am 6/16/22
- At least people won't have to pack up their items and go home... - TakethetrainKnute - 10:19am 6/16/22
- staples can't keep up with inflation, and consumers are trading down to private labels and smaller - WestCoastIrishFan - 9:39am 6/16/22
- This is a systemic inflation, not just limited to oil, foods, some individual items. [NT] - Eli - 10:08am 6/16/22