The Federal Reserve is being too aggressive with its stance on interest rates and could send the job market into a tailspin, warns MKM Partners chief economist Michael Darda.
“I think households here are also caught in the Fed’s crosshairs because the tightening is likely to keep going until it kills the labor market,” Darda said on Yahoo Finance Live (video above). “They [the Fed] will kill inflation, but they are going to end up killing the labor market.”
Cracks in the labor market are…
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