I truly think the Fed is doing the best they can with the tools that they do have - but as I and many others have written about before, their best might not be good enough here. I think using the labor market as a tool is of course an economic necessity for what they can do - but it’s a tool that has long lasting morale consequences and enhances distrust in a world that is increasingly losing trust in everything.

Full piece: https://kyla.substack.com/p/getting-p...

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