Federal Reserve and Jobs Report

Posted on AllSides May 9th, 2022

“The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point [last] Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.” (AP News)

‍“America’s employers added 428,000 jobs in April… Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century.” (AP News)

The right criticizes the Fed’s slow response to inflation and urges it to raise...

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