"Fed is currently in a conundrum”. They know black unemployment is still c. 7% but are facing very loud noise

"Fed is currently in a conundrum”. They know black unemployment is still c. 7% but are facing very loud noise on inflation. @TaylorNRogers citing @BenjaminDulchin of @popdemoc
Was this trade off formulated in @FT this crisply in previous tightening cycles?
ft.com/content/3416e5… https://t.co/lgT6wWM01N

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