Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.

  • SCB@lemmy.world
    51·
    1 year ago

    Another possibility is lingering effects of boomers taking COVID as a sign to retire, creating a labor shortage and putting pressure on companies not to have a layoff because they are worried they might have trouble re-hiring folks when the economy cools off

    This is so rarely brought up and is such a massive fucking deal that it’s criminal not to discuss it.