It´s only a pattern that the Fed creates by its mistakes
Years ago, I did a paper for the Parliamentary Research Service where I graphed unemployment and inflation. It clearly showed that the Philips Curve came and went. Clearly, it is not a permanent feature.
https://catalogue.nla.gov.au/catalog/165914
Years ago, I did a paper for the Parliamentary Research Service where I graphed unemployment and inflation. It clearly showed that the Philips Curve came and went. Clearly, it is not a permanent feature.
https://catalogue.nla.gov.au/catalog/165914