So they want to bring it down just enough, the right amount. That is just a pain we are all going to share. And so that is good for a lot of people.Īnd so there is not much the administration or the Fed can do about rising gas prices.

It's really - it's a great time out there to get the job that you want. Maybe live near family or friends where people can provide childcare or relatives you need to give elder care to. What that means is that you really have a chance to look around and find the right job for you, one that's going to be a great match for your skills, that's going to provide you the wages that you want. It's a good thing for people to see the enormous number of opportunities that are out there with employers having just record numbers of job openings. What we need to do is get demand down a little bit while supply can continue to grow.įed looks for Goldilocks: Taming inflation without tanking economy, MSNBC, June 3, 2022 We might end up accidentally stopping job growth, pushing ourselves into a recession, but we do not have to do that. And the result is that demand is outstripping supply a little bit.īut the reality is that we don't have to stop job growth in order to stop inflation. All of the accusations around how much did the stimulus spending contribute, it's really about, “Did we give people too much money in their pockets?” They're in some of the best financial shape they've ever been. So the Fed is raising rates, hoping that consumers will spend a little bit less. And that would actually bring some of the pressure on prices down. What everybody wants consumers to do is slow their role a little bit on spending. And it may be that it's just hard to find people to take those jobs right now. Maybe because people are slow to go back to wanting to consume those services. In the service sector, in health care and education and particularly caregiving, we haven't seen everyone get hired back. We've definitely seen the jobs come back in the goods- producing sector. It's important to realize when we take a look at the labor market, that we haven't seen all the jobs come back in services. Taming Inflation, CBS Face the Nation, June 5, 2022 Here are some excerpts of her appearances: Ford School economics professor Betsey Stevenson was widely sought after for analysis after a strong monthly jobs report.

Goldilocks economy .