Re:Fed raises rates by another 75 bps to fight inflation
by yieldcrv on Wednesday September 21, 2022 @05:58PM
(#32932106)
oh wow let me find any of JPOW’s speeches on behalf of the The Fed
I’ll link when I do but basically for the past 8 months he’s been explicitly saying he wants to get unemployment up, that he doesn’t mind risking the labor market in his efforts of “demand destruction”, never seen an appointed official say this before so he’s going hard
but he has some speeches where he’s basically like “we’re going to raise unemployment” not “could”, not a “maybe a soft landing is possible but here are the risks”, just pain
I’ll link when I do but basically for the past 8 months he’s been explicitly saying he wants to get unemployment up, that he doesn’t mind risking the labor market in his efforts of “demand destruction”, never seen an appointed official say this before so he’s going hard
Here is him being a little tame to Congress https://www.cnn.com/2022/06/23/economy/fed-jerome-powell-hou...
but he has some speeches where he’s basically like “we’re going to raise unemployment” not “could”, not a “maybe a soft landing is possible but here are the risks”, just pain