The Fed Lessons From the Two Thousand Tens

Mark levinson, chief economist at service employees international union. Jerome powell learned not to raise interest rates simply because unemployment was low. We also said we wouldn't raise rates just in response to very low unemployment in the absence of inflation. If you have more questions about inflation and the weirdd ways that it is playing out across the economy, please tell us. Send us an emal or a voice memo by emailing npr dot org.