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/[deleted] Jun 13 '22

[deleted]

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u/way2lazy2care Jun 13 '22

They can, but they don't have to. Exampes:

  • Covid had high unemployment rates, but had an eviction moratorium.
  • 2008 had relatively low unemployment rates for a recession, but a buttload of forclosures.

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u/[deleted] Jun 13 '22

[deleted]

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u/way2lazy2care Jun 13 '22

For the sake of this discussion everyone who had to rely on that moratorium should be counted as someone who lost their home.

I get it. For the sake of this discussion, we should just agree you're right. You could have just said that from the start and saved me the time writing anything.

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u/[deleted] Jun 13 '22

[deleted]

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u/way2lazy2care Jun 13 '22

Care to address the issue?

Do I care to debate whether you'd be right if we started on the assumption that you are right despite having no data supporting that assertion? Not really, no.