Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.

Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.

  • SCB@lemmy.world
    51·
    8 months ago

    Another possibility is lingering effects of boomers taking COVID as a sign to retire, creating a labor shortage and putting pressure on companies not to have a layoff because they are worried they might have trouble re-hiring folks when the economy cools off

    This is so rarely brought up and is such a massive fucking deal that it’s criminal not to discuss it.