alt Hacker NewsWhat do you think "demand cooled" means if not increased unemployment. Its a neat way of transferring the pain to the politically weak, whilst calling it "demand cooling", or whatever the euphemism du jour is for making people unemployed. It's all about targeting the mythical NAIRU rate.
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kspacewalk2 • today at 4:28 PM
If you have better methods of achieving the inflation target than cooling demand with rate hikes, you ought to write to your nearest central bank.
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> What do you think "demand cooled" means if not increased unemployment
Gross private domestic investment contributed more to output growth than personal consumption expenditure in two out of the last three quarters [1].
Reduce marginal investment, e.g. by raising the cost of borrowing for folks building datacenters, and you that demand goes away without any major shock to current employment.
[1] https://apps.bea.gov/iTable/?reqid=19&step=2&isuri=1&categor...