.
Got the same feeling too. Runaway inflation is more damaging than a recession.
I think Fed means possibly won’t cause high unemployment.
What I guess what Fed is thinking…
Number of jobs more than people looking for jobs which lead to…
Wage spirals which lead to…
Hyperinflation.
So Fed plan is…
Rate hikes which lead to…
Recession which lead to…
Lower demand for labor (less jobs) which lead to…
Dampening wage rise which lead to…
Dampening inflation which lead to…
More healthy economy and balanced employment.
The worry for us is the “balanced” employment may not work out, end up less jobs, high unemployment.