The Fed Is Worrying About Their Labor Markets Overheating

Central banks are worried about their labor markets overheating, particularly in the u whey. They've got huge numbers of job vacanciesd and not very many people unemployed. So you push people back into the labor force, that's probably their best chance of actually getting a soft landing. But what they also need to do is to get inflation down. Even if tthe kind of deflation in asset prices doesn't cause the recession, we could be in a world where central banks actually need to generate a recession.