How U.S. job market defied rising interest rates and predictions of high unemployment
Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Grim forecasts from economists had predicted that as the Federal Reserve…
#federalreserve #paulvolcker #worldwarii #jeromepowell #alandetmeister #ubs #ukraine #mikekonczal #rooseveltinstitute #susancollins
