Being sensitive to how inflation affects employment makes sense. For the _Fed_ to appear to think that employment affects inflation is deeply disturbing. Generations of economists have been trying to persuade the public that the Fed, the whole Fed, and nothing but the Fed controls inflation/deflation, employment/unemployment. Not gas prices! Not fiscal deficits! Not immigration!
Being sensitive to how inflation affects employment makes sense. For the _Fed_ to appear to think that employment affects inflation is deeply disturbing. Generations of economists have been trying to persuade the public that the Fed, the whole Fed, and nothing but the Fed controls inflation/deflation, employment/unemployment. Not gas prices! Not fiscal deficits! Not immigration!
Being sensitive to how inflation affects employment makes sense. For the _Fed_ to appear to think that employment affects inflation is deeply disturbing. Generations of economists have been trying to persuade the public that the Fed, the whole Fed, and nothing but the Fed controls inflation/deflation, employment/unemployment. Not gas prices! Not fiscal deficits! Not immigration!