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Its incredible to me how more people don't revolt just watching Powell talk. He flat out does not acknowledge the possibility that wages should rise due to incr
by zaptheimpaler 4y ago
Its incredible to me how more people don't revolt just watching Powell talk. He flat out does not acknowledge the possibility that wages should rise due to increased productivity. Any wage increase is just a sign of inflation.
- coliveira 4y agoThe whole goal of the Fed is to keep salaries down. The reason is that inflation is measured only on household items that can be bought by low income families. You don't see the Fed worrying about inflation in housing, in stocks, and investments in general. That inflation they consider to be good.