[im-a-baby]

Look, I agree that theoretically it’s possible to lower inflation while keeping unemployment low. But the Fed is looking for a causal effect. They want higher unemployment because that will balance the labor supply and reduce wage growth. That’s what the Fed has said. The fact that they’re looking for a causal effect in raising unemployment means the engine analogy is not valid. There is no causal relationship between engine temperature and speed.

I think you’re falling for the no true Scotsman fallacy. We started this conversation talking about whether or not the Fed’s goal is higher unemployment. I presented an argument, in the Fed’s own words, that they plan on lowering inflation by weakening the labor pool. And your response is “that’s not really a goal.” I disagree and, and I don’t see a productive way forward for this conversation. At the very least, you should accept that this is a valid interpretation of the Fed’s own words, and not just some conspiracy theory being peddled.