Inflation hits fresh 40-year high, pushing Fed to get more aggressive with interest rates – and the 'Beveridge curve' should give it courage to do so
- Written by Veronika Dolar, Assistant Professor of Economics, SUNY Old Westbury
Consumers are perhaps feeling inflation pain most at the pump.AP Photo/Rick BowmerInflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it could cause unemployment to spike, a little-known economics...