Can anyone explain why a strong jobs report and economy it's necessary to have high interest rates to drive down employment?
What the fuck?
Over.
So some of you say it's to keep over-borrowing which leads to bubbles.
- we've had relatively low interest rates since 2008. Bubble?
Some say it's to keep inflation down.
- we didn't have much inflation until post COVID corporate price gouging. (It's not very much labor related.) Which made us afraid of hard landing recession - Bloomberg swore a year ago we'd be in a hard recession by today.
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It's all Hocus-pocus - everyone guessing. Regulation of price gouging would do more to regulate inflation than interest rate raising - Fed can't, congress can - but won't/can't/doesn't.
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