Fed’s ‘Run It Hot’ Recipe Works for Markets. Jobs? Not So Much
A“Job Fair Today” sign during a Choice Career Fair in Los Angeles, California, U.S.(Photographer: Patrick T. Fallon/Bloomberg)

Fed’s ‘Run It Hot’ Recipe Works for Markets. Jobs? Not So Much

(Bloomberg) -- Jerome Powell likes to point out how the Federal Reserve’s run-it-hot policy to prolong growth helped low-income Americans get jobs and pay raises.
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