It’s interesting the way that Powell (US) and his cronies talk about the economy like a real living thing. Something that has to be protected at all costs….:in his quote below taken just a day or so ago (Wall St Journal) he mentions that to heal this beautiful creature, we need to sacrifice more. More unemployed. More unemployed……. And a sustained period of growth.
Cooling U.S. inflation will likely require somewhat higher unemployment and a sustained period of lower growth, Fed Chairman Jerome Powell said Wednesday. “We will keep at it until we are confident the job is done,” Mr. Powell said.
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