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Interest rates were raised and there seems to be a concerted effort to blame inflation on higher wages and low unemployment, so those are being dealt with with

• gruez 4y ago
  ...except the fed doesn't have the authority to enact hiring freezes. They can raise interest rates which might cause hiring freezes, but it's also a policy tool with wide ranging effects so saying inflation is being "dealt with with hiring freezes" is still a bad characterization.
  • heavyset_go 4y ago
    The article is about leadership in financial institutions choosing to interpret the Fed's policy and rhetoric about inflation as "hiring freezes to reduce inflation caused by rising wages and employment rates, please". I didn't say that the Fed is forcing anyone to do anything, just that there is a concerted effort to portray a cause and a solution to inflation in a certain way, seemingly coming down from the Fed.