comment: >
  
  I wasn’t expecting to see Mii-tan over here
context: Half of inflation is reportedly corporate profiteering but the fed is only focused on using interest increases to break the job market. 
  They need to find a better method. >
  
  Just talked to someone who works adjacent to the Fed, and they’ve simply stated that’s not the Fed’s job. That’s congress’s job. Since Congress is a shit show, the fed is doing what it can. >
  
  This is accurate.  Congress could be raising taxes on the wealthy and corporations to remove money from the national supply.  Why not take it from the ones with more than enough to lose? >
  
  And use that tax money to help me pay for rent and food by doing exactly what.
  I'm not saying I disagree. I'm just saying, reddit needs to learn to be at least as competent as Judge Judy and follow the money. How does this help me stop the price of rent hikes or put money in my pocket every month for rent? >
  
  Not every solution fixes every problem. >
  
  Is Joe Biden killing the joblessness industry? >
  
  Its almost like im taking crazy pills where people complain they are gettin too much ass and they have to gain 200 pounds with a heart arrhythmia to stave off all the ass that they are getting.  The Fed is so clearly terrified of labor having any power that they are willing to tank the whole system just to avoid it. >
  
  It's more about the fact that there are 1.7 jobs for every person. Seems great right? Except that contributes to wage growth which increases inflation. The problem being the inflation is higher than the wage growth. Thus the need to weaken the labor market. >
  
  Wouldn't the market just place wages at a more appropriate level if the fed didn't manipulate them? >
  
  The lowest its been in three months? Is this really article worthy? >
  
  Considering the FED has been trying to kill the job market, yeah it actually pretty important, as it means the FED is likely to raise rates again… >
  
  Fed explicitly said they are going to raise rates. >
  
  Yeah, they said they aren't going to pivot in any way until there is a sustained decline in inflation down to 2%. And their original plan was to continue to raise rates. 
  Their goal is to kill the job market, though. >
  
  i wonder if they are having a hard time contemplating that there's a million job openings out there right now - and we're probably short about 2 million possible workers due to Covid deaths, early retirement (because of Covid) and an immigration policy that simply was "No." for most of the last three years. >
  
  I think they know very well what it’s going to mean. And they have tried to say it in a way that won’t scare people but I don’t think enough people pay attention. It’s going to hurt. But it’s also the only control that they have. There are other ways to fight inflation without it hurting as badly but that would require legislation and real regulation. And the country just put the GOP in control of the house so I mean we get what we deserve. >
  
  Our leadership is really trying to grasp onto anything they can eh? >
  
  This is gonna upset Jerome Powell >
  
  People who think this means anything don't know anything about the actual economy that they live in. Jobless claims don't mean anything in America because most people who lose their jobs don't get unemployment and we don't count all unemployed people in our unemployment statistics. 
  It's kind of meaningless when the largest portion of these populations aren't counted in the statistics. >
  
  I know I’m not most people, but I’ve never gotten unemployment, even when the pandemic shut down my job. >
  
  The plural of anecdote is not data ... but I'd like to understand your situation, if you don't mind:
  
  What state were you in?
  Did you apply for unemployment?
  Were you denied it? >
  
  
  plural of anecdote is not data
  
  Can you phrase that in a less insufferable way?
  
  That was in Illinois. 
  Yes. I’ve also applied in Ohio and California when I lived in those states.      
  Yes. I was also denied disability in Ohio even with a medically valid request. 
  
  Scope out my post history if you want to see a tragedy play out in real-time. >
  
  I've been trying to get disability with a medically valid request in Arkansas for about a decade now. I know that feel, bro
  hugs >
  
  Sis, actually, but hugs back. >
  
  I call everyone "bro" or "dude." I'm weird and dumb and kinda high atm. Sorry if I offended! It's a relic of my mmo-gaming past. >
  
  Good to see this for the American workforce. >
  
  Hopefully this is a good signal for the economy >
  
  It’s actually the opposite, as it almost assuredly means that the Fed will raise rates again, the Fed is currently trying to cool the job market to control inflation. >
  
  It’s still good in some ways though because shits complex. Interest rates being so low is what made houses so damn expensive.
  Prices went up because people could “afford” them. Fortunately fixed rate loans are popular in the US so interest rates going up should lower house prices at some point.
  (Also banks will actually have to pay interest on their loans instead of basically getting free money from they Fed.) >
  
  Excited to learn how people bend this news to be pro-Trump. 🍿 >
  
  Economy is slowly recovering. We're not going to have a recession but it's going to be a slow recovery between after effects of the pandemic on trade and the war in Ukraine. I expect we're going to see an upturn economically around May. USA is pulling investment in China and we'll see a slow trickle of job security finally on the uptick at home as business leaders finally realize having critical IP overseas is a terrible long term investment. >
  
  It's kind of a worse case scenario. A long slow bleed instead of ripping the band aid off is a possibility now. >
  
  People who think the economy slowly recovering is worse than 'ripping the bandaid off' seem to be pretty ignorant to how economics work. Supply chains don't magically rework over night. Factories aren't built in a day. You can't just pack up all overseas manufacturing and plop it back at home AND hire all new workers in a timely manner.
  People really don't understand the global shift currently underway. It's a good thing long term. There's no magic fix though. >
  
  What I mean by ripping the band aid off, is the policy now  is causing a slowing that only benefits those with enough cushion to survive higher inflation slowing down over time instead of a spike all at once. People who think slowing the economy is better for the masses probably aren't living paycheck to paycheck or think the stock market is the economy. >
  
  Y'all think you can just avoid a recession by causing a depression. It's like avoiding a little war by starting a big one. >
  
  Who's y'all? Right now there is a lot of bracing for a recession, but it's not really going deep enough. Just waiting for people to get unemployed is not a great plan. >
  
  People obsessed with lowering inflation. You can't just make more goods exist. There's 200m people in a war economy state in Europe. Until that concludes inflation is going to exist. >
  
  Rate hikes need to be increased not slowed down. That's not a supply problem. Thats a protecting stocks instead of people problem. >
  
  'that's not a supply problem'
  Um yes it is. Most of our shortages right now are energy related thanks to Saudi Arabia lowering oil production at a time the world needs more on the whole.
  World metal supply is really constrained too. So is the grain supply thanks to Russia hitting the Ukrainian farms. The entire world is needing to be fed. Prices go up. It's basic economics.