Comments on: Bullard Ready to Declare Partial Victory Over Inflation https://inflationwatch.drduru.com/bullard-ready-to-declare-partial-victory-over-inflation/?utm_source=rss&utm_medium=rss&utm_campaign=bullard-ready-to-declare-partial-victory-over-inflation Watching for inflation here, there and everywhere Fri, 06 Jan 2023 05:26:06 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: Dr. Duru https://inflationwatch.drduru.com/bullard-ready-to-declare-partial-victory-over-inflation/#comment-274 Fri, 06 Jan 2023 05:26:06 +0000 https://inflationwatch.wordpress.com/?p=2637#comment-274 It’s a matter of degree. They are supposed to pursue low employment, not full employment. So going from historically low unemployment to a rate that is in-line with historic norms is not a policy failure. There have been long stretches of time in our modern economic history where getting *down* to 5% unemployment was considered a huge win: https://fred.stlouisfed.org/series/UNRATE

]]> By: Gary H https://inflationwatch.drduru.com/bullard-ready-to-declare-partial-victory-over-inflation/#comment-273 Fri, 06 Jan 2023 03:49:36 +0000 https://inflationwatch.wordpress.com/?p=2637#comment-273 The Fed is supposed to pursue *both* employment and price stability. Not only haven’t they paid lip service to doing so, Bullard and other Fed’ers have seemed perfectly comfortable saying they will tolerate higher unemployment in pursuit of disinflation.

Of course, Wall Street and corporations are fine with that.

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