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Meta’s massive comeback, FED’s latest hike, GPT-4 rumors + Spotify earnings with Lon Harris | E1671
This Week in Startups
Is the Fed Going to Punish the Economy?
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The Fed is signaling that they're concerned about increasing wage growth and increasingly tight employment. The big question was, is the Fed going to punish the broader economy for what is effectively a supply and demand problem? Right. I think we're going to have our other representatives in government get together and say, okay, the Fed has pointed this out. We need to have more reasonable immigration. And then if people have jobs and they're decently paying jobs, they can still spend money, but maybe people have burned off all that savings.
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