The Fed's Rebalancing of the Labor Market

The Fed has had to hike substantially to increase unemployment in order to rate an inflation. Historically, if you want to rebalance supply and demand in the labor market, what you've typically seen is that that happens alongside a meaningful increase in the unemployment rate. So so far, it's been very encouraging. And I think the Fed should be very pleased with all of that. But at this point, the starting conditions are not quite as attractive"