Why The First Republic Failure Is Different
Slate Money
00:00
The Resilience of the Labor Market to the Right Hiking Cycle
The Fed has said very, very explicitly that if they need to push the country into recession in order to bring down inflation, then they're happy to do that. The labor market is just kind of chugging along and we've created over a million jobs just this year. It's been really interesting to see how resilient the labor market has been to the right hiking cycle.
Play episode from 33:55
Transcript
