2min chapter

Let's Appreciate cover image

The Fed’s Goal? Getting the Economy on a Sustainable Path

Let's Appreciate

CHAPTER

Is There a Trade-Off Between Inflation and Jobs?

I think of it as a singular goal, price stability and full employment. And so when I look at the labor market right now, we have a historically strong labor market. What's problematic is that you can't keep up with inflation. The very thing we told people they could have, which is if you work hard and you do all of these things, will be made harder by high inflation.

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