Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by JumpCrisscross on Friday February 03, 2023 @02:03PM
(#34646267)
> not clear [the Fed] will be able to afford to do so this time
The Fed is fine. Its limits are inflation and unemployment. The latter is proving incredibly forgiving right now. A single-mandate central bank would be tempted to plunge the economy into recession right now to cure the inflation.
The Fed is fine. Its limits are inflation and unemployment. The latter is proving incredibly forgiving right now. A single-mandate central bank would be tempted to plunge the economy into recession right now to cure the inflation.