Sam, is it better to have a job, pay slightly higher prices, and be able to decide where to cut back OR lose your job, have lower prices, but not be able to buy the cheaper things anyway because you're unemployed with no income? Id pick the former. At what point does The Fed think/realize that higher unemployment, especially for lower income workers who are the first to lose their jobs, is worse than slightly elevated inflation? I'm hoping soon because ~3% inflation with this current Fed Funds rate may be better than an even higher rate, a recession, and the need to then cut.
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Sam, is it better to have a job, pay slightly higher prices, and be able to decide where to cut back OR lose your job, have lower prices, but not be able to buy the cheaper things anyway because you're unemployed with no income? Id pick the former. At what point does The Fed think/realize that higher unemployment, especially for lower income workers who are the first to lose their jobs, is worse than slightly elevated inflation? I'm hoping soon because ~3% inflation with this current Fed Funds rate may be better than an even higher rate, a recession, and the need to then cut.