New York CNN —
The biggest danger facing the American economy for years has been inflation.
Now, another problem is emerging as a credible threat on the horizon: Unemployment.
Just as inflation continues to cool, yellow lights are flashing in the still-strong jobs market. The Federal Reserve must now confront the risk that it’s making a mistake by keeping interest rates too high for too long.
That’s why some economists are pleading with the Fed to ease up its inflation fight—before high interest rates, which it’s used to tame surging prices, grind the US
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