Obviously there’s a lot of nuance to this especially when talking about what’s necessary for the overall health of the economy, I understand that the Fed is trying to do what it can to tackle inflation. I was in high school when the 2009 recession, and the job outlook for anyone going into adulthood for the several years following was ROUGH. Jobs were few and far in-between, families were losing retirements due to financial giants committing fraud with their own money. Shit was ugly, and hearing people cheering for a “housing crash” is worrisome because I don’t think everyone on here was old enough to be an adult during the last recession to recall how hard it was for many families. Hearing leaders making 6 figures and determining that the working class is making too much money and they need to correct that by forcing unemployment for balance, all while saying it outright….I’m no where near smart enough to set fiscal policy but I can’t help but to feel that men like Jerome have no clue how much of a slap in the face it must feel to the people making under 40k that their wages are increasing too much. Between many of the people on r/wallstreetbets and the Fed, I feel like both groups sometimes forget how badly millions suffer during legitimate recessions.
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