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Sounds like the Fed expects unemployment to rise and are ok with it if it means cooling off rate of inflation.

https://www.bloomberg.com/news/articles/2022-05-10/williams-...



How, Where are they are going to find the employees? Remember that half of the baby boomer retired. I think that the US is facing 20 years of tight label market. Especially if globalization is on its way out.


Look at unemployment pre and post GFC. To save you the time, 4% to 10% in a matter of months.

Unemployment is almost always lowest prior to a recession. It's exactly an overheated labor market that drives the Fed to tighten and induce a recession to cool off inflation.

Inflation cannot be defeated without driving unemployment up, when labor market is this tight. Wages rising at 6%+ is not conducive to 2% inflation




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