Some authorities have suggested almost 2 million Americans could potentially lose their jobs impacted by anti-inflation policies of the Federal Reserve, adding a complicated financial and moral dynamic with respect to Catholic social teaching.
Fed’s war on inflation poses moral dilemma as rate hikes threaten 2 million workers
Economy in recession? Depression? A blip? All of the above — or none?
It’s like the old adage: To you it may be a recession, but to someone who’s out of a job, it’s a depression.