Seventies Stagflation proved that inflation can’t be allowed to run wild. If it happens, the job market will have to take a hit, even to the point of driving the economy into a recession, as was done by Paul Volcker.
How weak is the job market today, relative to the coming inflation that is not quite here yet, as a result of Trump’s tariffs?
https://www.marketplace.org/story/2025/08/25/fed-shifts-focus-to-weak-job-market
Speaking selfishly, being completely debt-free, and with my IRA CDs earning good returns, I wish the Fed wouldn’t lower interest rates.