The Fed has decided the US will need a 'growth recession' to rein in inflation. Here's why it's bad news for job seekers.

market insider ^ | 9/7/2022 | Ben Winck,Madison Hoff

[RomanSoldier19]

The chance of an economic "soft landing" has faded, and the Fed is pushing for a "growth recession."

The phrase describes a period of below-average growth, rising unemployment, and slowing inflation.

The Fed chair said that while it'd "bring some pain," letting inflation stay high would be worse.

In an ideal world, the Federal Reserve has already vanquished pandemic-era inflation while keeping unemployment at historic lows and avoiding a recession.

Hopes for such an outcome are all but entirely dashed, and the Fed has switched to plan B.

The central bank's message at its annual conference in Jackson Hole, Wyoming, this year was a simple and stark one. In remarks on August 26 that lasted less than 10 minutes, Jerome Powell, the Fed's chair, warned that cooling inflation would "bring some pain" to Americans through layoffs, weaker pay growth, and higher borrowing costs. He said that while the side effects are "unfortunate," a failure to slow price growth and normalize the economy "would mean far greater pain."

[RomanSoldier19]

[Fiji Hill]

Every fast-food eatery that I drive past has a “help wanted” sign. When I had lunch at a restaurant yesterday, there was a sign reading, “please be patient—the whole world is short-handed.” Signs like those will likely be long gone in a few months.

[ExTxMarine]

This is the Fed’s “just the tip in the backdoor” plan!

NO THANKS!

[piasa]

They have been dwindling for over a month now.

[cuz1961]

More progress backward .

Typical.

[cuz1961]

Polishing the recession turd I see.

[JoSixChip]

Flooding the country with illegal aliens is obviously the answer.

[cuz1961]

Why is it prog commies want to have sex with everything including words ?

[1Old Pro]

A “growth” recession? I have to laugh at the lying that the government does. Almost everything is a lie.

[odawg]

And the Great Depression was merely a retooling and removal of capitalistic excesses.

[Chode]

we had to destroy the village to save it...

[Chewbarkah]

“Growth Recession” That’s enough to make Orwell vomit.

We are living through what happens when an administration’s policy is to increase poverty. Biden’s Goals:

“Social Equity” via mutual poverty (except for the politically connected elite of course);

Fight global warming by making energy too expensive to use.
Somehow shifting energy production and use away from the US makes it not count.

[Fiji Hill]

A “growth” recession?

A "growth recession" will stimulate growth, just like the Inflation Reduction Act will reduce inflation.

[DesertRhino]

Let me win your hearts and minds, or I’ll burn your damned hut down.

[ConservativeInPA]

It will be painful. The Fed has taken too little action, too late and will slowly continue taking inadequate action. The greater problem is that the Fed only has partial control over monetary policy. Monetary policy alone will not fix the economy. The solution requires fiscal, trade, energy, and regulatory policy changes. Biden has made it clear that he trusts the Fed and will allow the Fed to solve the economic problems of America. Meanwhile, Biden and Democrats with the help of RINOs continue with the same policies that have put us in this position. They care not about the working Americans. They have their government paychecks. Not a single lazy ass government employee will lose his job, even though they are the cause of America’s economic problems. Meanwhile, millions of hardworking Americans will lose their jobs, their livelihoods and their businesses in the months to come. Unemployment is going to skyrocket.

If you work for government, then you are the problem.

[PeterPrinciple]

https://duckduckgo.com/?q=growth+recession.&ia=web

[Worldtraveler once upon a time]

--- "A “growth” recession? I have to laugh at the lying that the government does. Almost everything is a lie."

Climate change (meaning send money) is a lie.

The pandemic (0.082 percent mortality rate worldwide over 33 months) is a lie.

Systemic racism is a lie.

Men can be women is a lie.

Government debt is manageable is a lie.

Toxic masculinity is a lie.

White rage is a lie.

Biden's "win" is a lie. Plain and simple.

And accusations of misinformation are a pack of lies.

[PeterPrinciple]

It will be painful.

---

This is the cure coming our way......................

[RomanSoldier19]

[353FMG]

Release America’s plentiful energy and the jobs will come, automatically.