They have to spike unemployment to lower wage pressures, thats it.
The Fed has to do this because they vastly overstimulated. It was entirely avoidable if responsible policy had been pursued
The people who make it into a bleeding heart kind of issue are largely misguided, and don’t understand the distinction between real and nominal. Real wages have been declining at the fastest pace in history yet they point to nominal numbers like its some victory
The Fed has to do this because they vastly overstimulated. It was entirely avoidable if responsible policy had been pursued
The people who make it into a bleeding heart kind of issue are largely misguided, and don’t understand the distinction between real and nominal. Real wages have been declining at the fastest pace in history yet they point to nominal numbers like its some victory