Our Skanda Amarnath was mentioned in Politico by Victoria Guida.
Skanda Amarnath, executive director of worker advocacy group Employ America, said the Fed could also slow economic activity without aiming to push up unemployment. He said the purpose of aggressive government spending in the wake of the pandemic was to return the economy to pre-pandemic employment levels. Now that the labor market has largely recovered, “we don’t need that much growth right now to keep employment at a high level.” “That’s the middle ground,” he said. “They’ve kind of just said that doesn’t exist, which is wrong and problematic.”
