By Syndicated Content
By Howard Schneider
WASHINGTON (Reuters) – Tension between sticky job markets and rising prices could pose a growing problem for U.S. Federal Reserve officials who have staked an aggressive monetary policy on the belief they can avoid a conflict between returning U.S. employment to pre-pandemic levels and keeping inflation under control.
Traditionally, some trade-off between the two is regarded as unavoidable, with the cost of controlling inflation paid in slowed growth and fewer jobs as the Fed raises interest rates to cool things off.
But weak inflation over the last 30 years has convinced Fed officials they can have it all, with prices held down by entrenched forces so disconnected from the labor market that the Fed can promise a long spell of low rates and unchecked growth to claw back the 8.2 million jobs still missing from before the pandemic.
Analysis: The Fed thinks it can have it all: strong economy, job growth, stable inflation
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Racing with royalty - Great Veterans Race
sail-world.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sail-world.com Daily Mail and Mail on Sunday newspapers.
Introduction
I can’t pinpoint exactly when it happened, but there was a time, between 2018
and 2020, when LED cubes were a bit of thing in the world of hobby electronics.
On Twitter, I followed day-by-day the journey of kbob (aka Bob Miller)
as he tried to come up with the best possible 3D printed solution. The
end result was amazing.
He also wrote a blog post with
a history of LED cubes as well as some implementation details.
At the Hackaday Superconference 2019, Greg Davill
took things to the next level.
After first building something with off-the-shelve LED matrix panels, like kbob and everybody