@foxyroxy Maximum employment is what the fed sees as the maximum amount of people who can be employed without causing unwelcome inflation. That means they see to many people working as a cause for inflation.
Based on a 53 year low in unemployment, it points to being above the maximum employment. With their method of taming inflation, that goal you speak of, needs to raise the unemployment.
“We’re very far from our price stability mandate and, in effect, the economy is past most estimates of maximum employment,” taken straight from the horses mouth.
He can claim it’s not his goal all he wants, that’s just lip service. It’s the equivalent of Stewie saying “I don’t want her dead, I just don’t want her alive anymore.” He wants to see the labor market weaken and that’s what he’s aiming to do.
But sure, keep that spin game strong.