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Federal Reserve: Difference between revisions
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- Congress suggest to Powell that more modest budget spending is needed along with rate hikes, which is not happening yet. | - Congress suggest to Powell that more modest budget spending is needed along with rate hikes, which is not happening yet. | ||
- The past 12 times | - The past 12 times that unemployment has risen 1%, the economy has not been able to avoid a recession. The FED projections has unemployment going to 4.6% | ||
- If unemployment goes up 1%, is vey difficult to stop it there. 11 out of the 12 recessions, the unemployment rose at least another 1%. This time it would put unemployment close to 6% | - If unemployment goes up 1%, is vey difficult to stop it there. 11 out of the 12 recessions, the unemployment rose at least another 1%. This time it would put unemployment close to 6% | ||
- Over the longer term, 4% wage increases are unsustainable due to lower productivity. | - Over the longer term, 4% wage increases are unsustainable due to lower productivity. | ||
==Meetings== | ==Meetings== | ||
[[Federal Reserve Economic Projections]] | [[Federal Reserve Economic Projections]] | ||
[[Federal Reserve:Meetings/2023 February 01]] | [[Federal Reserve:Meetings/2023 February 01]] | ||
== References == | |||
<references /> | |||