Surveillance: Growth Snap Back with Golub
Bloomberg Surveillance
00:00
How Will Higher Policy Rates Affect the Unemployment Rate?
The way monetary policy works is through things like the unemployment rate. To bring wage growth down, you need to loosen the labor rate. We're probably going to need to see a 5% plus unemployment rate to bring inflation down. Can we be hopeful? Could we be hoping that we're going to get a better scenario where the unemployment rate doesn't need to move as high? Everybody would hope for that.
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