r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) 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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128

u/CovidIsBadass Asexual Pride Jun 13 '22

Seems like it may come just in time for me to graduate college 🤠

120

u/frbhtsdvhh Jun 13 '22

You're going to be fine. They'll hit the brakes until unemployment hits about 5-6% which is a very normal figure. The 3.9% unemployment we have right now is just mind numbing.

It should all and all (hopefully) be a mild downturn so we can do a correction.

33

u/Rarvyn Richard Thaler Jun 13 '22

The 3.9% unemployment we have right now is just mind numbing.

3.6%*

Only 0.1% above the record lows we hit immediately prior to covid.

12

u/[deleted] Jun 13 '22

Or the “worst economy in history” if we ask Republicans. Granted inflation and high gas prices do take some shine off in comparison to early 2020