Showing posts with label Failed Economic Policies (2023). Show all posts
Showing posts with label Failed Economic Policies (2023). Show all posts

Tuesday, February 28, 2023

Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Title: Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Article Snip: "The economists added that for the Fed's stated 2% inflation target to be achieved, the unemployment rate would have to climb to 7.4% for one year. That's more than double the currency jobless rate of 3.4%. "A deep recession," the economists said, "would be necessary to achieve the SEP's projected inflation path. ..."

Reference: businessinsider.com
Inflation, Biden Economy 2023, Unemployment Under Biden, Failed Economic Policies (2023), Recession 2023, Fed's stated 2% inflation target,