October 4, 2022
Professor John Winters was interviewed by The Gazette for the story "Iowa could see unemployment rise from Fed's inflation-fighting."
The Gazette story focuses on how the Federal Reserve's attempt to control inflation could have unintended consequences, including increasing Iowa's unemployment rate. Winters told The Gazette that the severity of the interest rate increases will influence the extent to which unemployment increases. “If it’s hard to reduce inflation and they keep having to raise more and more, more than they currently expect, then that will lead to more job losses, potentially, than they expect.”