Fed Chairman Jerome Powell made that amply evident this week, as the bank forecast its benchmark rate to be 4.4 percent by the close of the year, even if it triggers an economic recession.
In simple English, this refers to unemployment. The Fed anticipates the unemployment rate to climb to 4.4 percent in the coming year, up from 3.7 percent today — which could mean the possibility of an additional 1.2 million jobless people.https://thepoliticalmovement.com/2022/09/29/why-feds-plan-to-boost-unemployment/
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