/The Fed Just got Cornered by “Shocking” Jobless Claims

The Fed Just got Cornered by “Shocking” Jobless Claims

The Federal Reserve has a dual mandate given to them by congress. They are required by law to seek stable prices and maximum employment. The fact of the matter is that the data they use to make decisions is inaccurate, lagging, and not representative of reality for almost all Americans. However, the data is showing that they can no longer ignore the inflation mandate in favor of maximum employment. The taper is on.