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The fed doesn’t deal with making or breaking labor power. Thats decision is left to the the people who work on capitol hill and the voters who put them there.
by 7speter 4y ago
The fed doesn’t deal with making or breaking labor power. Thats decision is left to the the people who work on capitol hill and the voters who put them there.
- cudgy 4y agoThen why is the employment level one of their primary determinants for interest rates? What do you think happens when the Fed raises rates? Companies lay off workers which increases unemployment. More unemployment means more workers in need of work, which viola means lower wages. See how it works?