alt Hacker NewsCan happen doesn’t mean likely to happen. Certainly disinflation in 2022-2023 raised unemployment, and it’s by far the most likely outcome of raising rates high enough to curb inflation.
Can happen doesn’t mean likely to happen. Certainly disinflation in 2022-2023 raised unemployment, and it’s by far the most likely outcome of raising rates high enough to curb inflation.
> Certainly disinflation in 2022-2023 raised unemployment
Sort of [1]. Labor-force participation stayed flat until federal lay-offs and tariffs hit [2].
[1] https://fred.stlouisfed.org/series/UNRATE
[2] https://fred.stlouisfed.org/series/civpart