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E103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
All-In with Chamath, Jason, Sacks & Friedberg
Is the Fed Going to Slow the Economy Down?
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The Fed did the 75 basis point hike this week but we're adding jobs to the economy. We had 2.6% GDP growth so I guess my question to the everybody here is what is the Fed going to have to do or can they stop this consumer and this growth? It's very strange right Paolo Paolo said he'd rather overcorrect and break things because he has a tool box to fix the broken bones but he doesn't have a toolbox to fix if they undercorrect and they have rampant inflation. For me I'm like wow I thought that we could get through the worst of this by mid 23 but now you have to plan for the worst.
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