May 9, 2022

Federal Reserve and Jobs Report

“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

See past issues

From the Right

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

From the Left

The left is generally supportive of the Fed’s response to inflation and notes that the economy is holding up well.

The left is generally supportive of the Fed’s response to inflation and notes that the economy is holding up well.

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