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The Fed is trying to cure high inflation by slowing down the labor market

Por: MarketWatch Business October 08, 2022

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One such economist is Peter Diamond, winner of the Nobel Prize in economics in 2010, Considered by his peers as among the smartest of economists, Diamond is concerned that the labor market is going through an historic transformation in the post-Covid pandemic economy – one that the Fed should not meddle with. And if the central bank does try to meddle, the damage could be enormous. Diamond’s view, which he detailed in an interview with... + full article



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