Fed Will Raise Rates Until Labor Market Cracks: Kroszner

The transcript discusses the challenges of understanding economic statistics in the context of new technology and post-COVID changes. It highlights the Federal Reserve's focus on the labor market and inflation, emphasizing the need for wage moderation to achieve economic stability. The concept of 'Immaculate disinflation' is explored, questioning the possibility of reducing inflation without increasing unemployment. The discussion also covers labor market participation issues, particularly the impact of early retirements.

What factors contribute to the uncertainty in the current economic statistics?

How does the labor market's performance affect wage inflation according to the speaker?

What is meant by 'Immaculate disinflation' as discussed in the text?

What are the implications of accelerated retirements on the labor market participation rate?

What does the speaker suggest is necessary to slow down wage increases?