Walsh: We Can Bring Inflation Down Without Losing Jobs

The transcript discusses the current labor market and its impact on inflation, debating whether higher unemployment is necessary to reduce inflation. Secretary Walsh emphasizes the importance of maintaining low unemployment while addressing inflation through various mechanisms, including Federal Reserve actions and supply chain improvements. The conversation highlights the economic pain experienced during the pandemic and the need for comprehensive policy responses. The future economic outlook is considered, with a focus on maintaining low unemployment and reducing inflationary pressures.

How does Secretary Walsh view the current unemployment rate in relation to economic stability?

What are the potential consequences of failing to restore price stability according to the text?

What long-term strategies does Secretary Walsh mention to combat inflation?