On September 21, a Chicago Federal Reserve official stated the central bank may need to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. The remarks underscore the difficult trade-off between inflation control and employment.
No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.
Federal Reserve official says fighting inflation likely to be ‘painful’ AP News
A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.
this outlet adds: apnews, article, infl
A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.