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Money and Finances
Reply to "Armchair economists, can you cut rate with rising prices?"
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[quote=Anonymous][quote=Anonymous]You have 2 options: Job growth or controlled inflation. If you control inflation, you will end up with more unemployed people in an environment where the Fed has little appetite to spend to support workers and states have other issues to deal with such as rising health care costs social services etc. If you want job growth, you will end up with inflation with wage growth likely below inflation. Either scenario will not slow property tax increase adding further pressure to renters and homeowners. Policy choices have consequences. And the bigger the economy the bigger the consequences. History gives us answers. Every single economic crisis in his country has had devastating effects. [/quote] It seems like controlled inflation is the priority for now Jobs are still growing and unemployment is like 5%. Not great but fairly normal. [/quote]
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