Skip to comments.
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
Posted on 09/07/2022 10:27:00 AM PDT by 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."
(Excerpt) Read more at msn.com ...
TOPICS: News/Current Events
KEYWORDS: bideneconomy; depression; disaster; doom; employment; federalreserve; growth; inflation; jacksonasshole; jacksonhole; joblessness; jobs; malaise; recession; wyoming
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-44 next last
To: RomanSoldier19
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.
2
posted on
09/07/2022 10:31:43 AM PDT
by
Fiji Hill
To: RomanSoldier19
This is the Fed’s “just the tip in the backdoor” plan!
NO THANKS!
3
posted on
09/07/2022 10:33:29 AM PDT
by
ExTxMarine
(Diversity is necessary; diverse points of views will not be tolerated.)
To: Fiji Hill
They have been dwindling for over a month now.
4
posted on
09/07/2022 10:34:09 AM PDT
by
piasa
(Attitude adjustments offered here free of charge)
To: RomanSoldier19
More progress backward .
Typical.
5
posted on
09/07/2022 10:34:46 AM PDT
by
cuz1961
(UmmSCGR Veteran )
To: cuz1961
Polishing the recession turd I see.
6
posted on
09/07/2022 10:36:33 AM PDT
by
cuz1961
(USCGR Veteran )
To: Fiji Hill
Flooding the country with illegal aliens is obviously the answer.
7
posted on
09/07/2022 10:37:13 AM PDT
by
JoSixChip
(2020: The year of unreported truths; 2021: My main take away from this year? Trust no one.)
To: cuz1961
Why is it prog commies want to have sex with everything including words ?
8
posted on
09/07/2022 10:37:55 AM PDT
by
cuz1961
(USCGR Veteran )
To: RomanSoldier19
A “growth” recession? I have to laugh at the lying that the government does. Almost everything is a lie.
9
posted on
09/07/2022 10:38:29 AM PDT
by
1Old Pro
To: RomanSoldier19
And the Great Depression was merely a retooling and removal of capitalistic excesses.
10
posted on
09/07/2022 10:38:36 AM PDT
by
odawg
To: RomanSoldier19
we had to destroy the village to save it...
11
posted on
09/07/2022 10:38:41 AM PDT
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: RomanSoldier19
“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.
To: 1Old Pro
A “growth” recession? A "growth recession" will stimulate growth, just like the Inflation Reduction Act will reduce inflation.
To: Chode
Let me win your hearts and minds, or I’ll burn your damned hut down.
14
posted on
09/07/2022 10:43:38 AM PDT
by
DesertRhino
(Dogs are called man's best friend. Moslems hate dogs. Add it up..)
To: RomanSoldier19
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.
15
posted on
09/07/2022 10:43:46 AM PDT
by
ConservativeInPA
( Scratch a leftist and you'll find a fascist )
To: RomanSoldier19
16
posted on
09/07/2022 10:44:50 AM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: 1Old Pro
--- "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.
To: ConservativeInPA
It will be painful.
This is the cure coming our way......................
18
posted on
09/07/2022 10:47:52 AM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: odawg
19
posted on
09/07/2022 10:49:14 AM PDT
by
RomanSoldier19
(Res ad Triarios venit)
To: RomanSoldier19
Release America’s plentiful energy and the jobs will come, automatically.
20
posted on
09/07/2022 10:50:00 AM PDT
by
353FMG
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-44 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson