If the Fed’s Job Is to Tame Inflation, Workers Will Feel More Pain | Barron's

2022-07-27 12:43:45 By : Ms. EHANG Sales

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The gradual cooling of recruitment by some of America’s biggest employers contrasts sharply with the double-quick actions of the Federal Reserve in trying to get rampant inflation under control.

Take Alphabet for example. CEO Sundar Pinchai said earlier this month that the Google and YouTube owner would slow the pace of hiring this year, and asked existing staff to work with “more hunger than we’ve shown on sunnier days.”

The gradual cooling of recruitment by some of America’s biggest employers contrasts sharply with the double-quick actions of the Federal Reserve in trying to get rampant inflation under control.

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