Joey Politano on Fed Policy, Inflation, and the Current State of the US Economy
Macro Musings with David Beckworth
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Is the Slowdown in the Economy a Little More Serious?
Despite these losses, overall employment is still growing. People losing jobs and those industries are probably finding jobs in other industries. And there's a reallocation of labor going on that might be very healthful, very needed. I think for the degree that the Fed has tightened policy, the effects on real variables have been comparatively pretty muted,. Which is what you want. You want to get inflation down without as much real economic pain.
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