> Powell said explicitly a year or two ago that it was his goal to bump unemployment numbers to tame inflation. Kinda sick to think about, but, here we are I guess.
This is basic monetary economics via the Phillips curve (https://en.wikipedia.org/wiki/Phillips_curve). There's a strong relationship between unemployment rate and the inflation rate. Of course, that is based on historical data in normal times, and, since 2010s and the financial crisis with years of ZIRP, we are now in very unnormal times with Trump's tariffs and general fuckery of the economic system.
This is basic monetary economics via the Phillips curve (https://en.wikipedia.org/wiki/Phillips_curve). There's a strong relationship between unemployment rate and the inflation rate. Of course, that is based on historical data in normal times, and, since 2010s and the financial crisis with years of ZIRP, we are now in very unnormal times with Trump's tariffs and general fuckery of the economic system.