Torpedoing employment in the United States, the inevitable and dangerous policy of the Fed

Same numbers, two different readings. On Tuesday, the speeches of Joe Biden and Jerome Powell recalled this gap in perception, a few days following the publication of the American report on employment. For the American president, it is a triumph: unemployment rate at its lowest since 1969 (3.4%), while half a million jobs were created during the month of January. And this, while the announcements of unprecedented layoffs in tech might have suggested another development. It turns out that in the other sectors, we continue to recruit.