US Inflation Slowdown in Sight
Bloomberg Businessweek
00:00
The Consequences of an Inflation Rate of 5%
Danny Cevallos: Why is it that the Fed wants to use unemployment and a recession to fight inflation? He says if you ask people about their well-being how much does inflation hurt them, think about a 1% point rising inflation. What you get in unemployment is, well 1% of people are unemployed,. So those people's unemployment rises a lot and they're really unhappy," he said. "A 1% rise in unemployment raises pain 10 times more than a 1% points rising inflation"
Play episode from 07:10
Transcript
