- We are trying to get the jobs market back to equilibrium, right now it's out of whack
- Could pull back demand for labor and that would be a good thing
- If we get some help from supply chain resolution, that's fantastic, but won't count on it
- Inflation is too high, my job is to get it down
- This is the time to hit with rate increases, because the economy can take it
- Do it now, front load it
There's clearly a coordinated communications strategy around talking down the jobs market prospects due to rising rates. He's the third Fed member to specifically mention it today.
