The Fed Planned for the Worst, Right?

If the Fed is successful at bringing inflation down, that means it's a very good outlook for the US economy over the medium term. But pain in the economy, let's say what that is. Likely job losses, yes. There's 6 million unemployed people right now with a jobless rate about 3.7%. That's a very strong jobs market. Where do you think that jobless rate is going to go? How much pain are you preparing us for? Right. We're about three and a half to four million workers short of where we were prior to the pandemic.