Inflation and job losses can both be harmful to an economy and can have negative effects on individuals and society. It is not necessarily a choice between allowing inflation to occur or raising interest rates to try to curb it. The Federal Reserve (Fed), which is the central bank of the United States, sets monetary policy, including setting interest rates, to achieve its dual mandate of maximum employment and stable prices. The Fed uses tools such as setting the federal funds rate, which is the interest rate at which banks lend to each other overnight, to try to achieve these goals. Raising interest rates can help to curb inflation by making borrowing more expensive and slowing down the pace of economic activity. However, raising interest rates too quickly or too high can also have negative consequences, such as slowing down economic growth and potentially leading to job losses. It is important for the Fed to carefully consider the trade-offs and try to achieve the right balance in setting monetary policy. It is not a simple decision, and the Fed must consider a range of factors in making these decisions.
Job market is still strong, the fed doesn't particularly care about swe companies overhiring at massively inflated salaries.. What's your point ? All you've done is state the obvious so far ..
Controlling inflation is ahead of employment
China Joe printed too much paper for his own benefit, and now is asking fed to clean up his butt
For the record, Brandon sent tons of money to a country next to Russia, but not china
Economy was way more volatile and prone to crashes before the Fed came around. Fed is correct to focus on inflation. Keep raising the rates till job market slows down and unemployment goes up more.
What do you mean the fed came around? They’re the ones that caused the issues in the first place. They were always there.
Fed wasn’t always there. Take a look at the time before the Fed was created and why it was created. US had a lot more crashes because banks were totally unregulated and out of control. Everyone loves to hate on Fed since it’s the easiest target but in a state capitalist society it’s a nessesary evil. You need some sort of central bank to moderate the cycles. Crashes are inevitable, it’s inherent to capitalism.
Did you copy this from Bloomberg or something? What is the purpose of this post?
The Fed's been failing since 1913 bud
Bro this is chatGPT generated 100%
If you fuckers weren't buying things like a bunch of degenerate addicts, we probably wouldn't be having this conversation.
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They obviously didn't think too much keeping interest rate so low for a long time causing all sorts of bubbles