You know that there's something just basically *wrong* in macroeconomics when great employment figures are treated by the government as a bad thing and an excuse to make ordinary people's lives even harder by endlessly raising interest rates to "fight inflation."
You're confusing a lot of concepts here, the study of macro against bureaucratic reports and management decisions, and the interface between employment and inflation.
All of those concepts are loosely coupled at best.
@volkris I'm not confusing them -- that implies a lack of understanding which isn't the case. I may be conflating them, but that's the reality.
Well then why would any policy change at the Federal Reserve tell us that there's something wrong in macroeconomics, for one example?
