Fed signals higher unemployment rate might be necessary to tame inflation

Re:Fed signals higher unemployment rate might be necessary t... by sophacles on Monday June 13, 2022 @11:21AM (#31726852)

So who is going to be the ones who have to suffer for it?

I'm guessing its not the folks who could afford a stint unemployed that will be asked to do vital economic functions. I wonder how many people y'all are going to kill for your inflation woes.

I get it though, all these people who just got jobs and who just moved to better jobs are way too uppity and need to be put down. Heaven forbid they do anything that isn't worry about paying for a slightly comfortable life. Good for you, helping to put those hard working folks in their place - they don't need anything other than stress and worry and work.

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Re:Fed signals higher unemployment rate might be necessary t... by s1artibartfast on Monday June 13, 2022 @11:33AM (#31727016)

Who do you think is hurt by inflation? Largely the same people hurt by unemployment.

Someone with a million dollar mortgage and inflation proof investments is probably cheering on inflation.

A family struggling to buy food and shoes for their children suffers from inflation.

[ Parent | on HN ]

Re:Fed signals higher unemployment rate might be necessary t... by falcolas on Monday June 13, 2022 @01:03PM (#31728306)

A family is going to struggle a lot more when they can't get a fucking job.

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Re:Fed signals higher unemployment rate might be necessary t... by s1artibartfast on Monday June 13, 2022 @02:30PM (#31729494)

I agree, it is just a question of balancing numbers. Is it better for a 100 families to struggle with costs, 1,000, ect

I dont think anyone is trying to argue that unemployment is a good thing in an absolute sense.

[ Parent | on HN ]