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Derek Thompson @DerekThompson · Feb 3, 2023
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Good thread on a key (happy!) mystery of the US economy. Economies dealing with high inflation aren’t supposed to be able to reduce inflation with a booming jobs market. But … it’s … happening? So WTH is going on?

Tweet Feb 3, 2023
Trying to make sense of three basic facts about our macroeconomy: (1) Fed has tightened substantially over past 15 months. (2) There are essentially no visible effects in the labor market. (3) Price inflation has fallen.
by Gabriel Chodorow-Reich
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