The Fed Vows to Fight Inflation Until Job is Done and Your Job is Gone

The Fed Vows to Fight Inflation Until Job is Done and Your Job is Gone

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Is your job safe? Well, it may not be if the Federal Reserve gets their way. Federal Reserve Chairman Jerome Powell recently said that “we need to act now forthrightly, strongly, as we have been doing, my colleagues and I are strongly committed to this project and will keep at it until the job is done.”

What job is that? Fighting inflation. The only problem with that is that inflation may only be stopped at the cost of you losing your job. Considering that the U.S. may need a seven and a half percent unemployment rate just to curb inflation, which means that the Fed is strongly committed to fighting inflation until the job is done, which also means until your job is gone.

Timecodes
0:00 Video Overview
0:49 Intro
0:56 The Feds Fight Against Inflation Risk Your Job
3:23 Wage Price Spiral
4:18 Message for Powell
6:12 Outro

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#Unemployment #JoblessClaims #FightInflation