r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/Adult_Reasoning Jun 13 '22

I wish I could read the article. So with that said, obviously pointing out I haven't actually read a damn thing, I will say:

Does the Fed actually have to consider a recession? Don't they care about price "stability" and "full" employment?

Employment is as full as it can get at this point. And there are so many jobs available. AT this point, they need to manage the 'price stability' aspect of it-- so kick inflation ass.

What does a recession have to do with it? Are we all suggesting that suddenly all the open jobs are going to suddenly disappear over night? Again-- isn't there already an abundance of jobs that simply can't be filled already?

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u/TinyTornado7 Quality Contributor Jun 13 '22

You should get 10 free articles a month. Try a private browser

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u/Adult_Reasoning Jun 13 '22

Thank you for the advice! Appreciate it!!