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- leif ( @leif@beehaw.org ) 7•2 years ago
There are many channels through which the Fed tightening can help bring down demand and inflation without people losing their jobs. For example:
- An affluent investor decides they can’t afford a vacation home because of stock market losses.
- Or a business accepts lower profit margins because it believes it can’t raise prices in a slump.
Guess we’ll be unemployed then