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The current goal of the Fed is to crush the labor market and create unemployment and remove the ability of workers to have leverage over wages. They're not wor
by lamontcg 4y ago
The current goal of the Fed is to crush the labor market and create unemployment and remove the ability of workers to have leverage over wages.
They're not worried about high gas prices because they're economists and they understand that commodities prices are cyclical and act as their own brake on the economy.
They're worried about the wages.
Those aren't going to come down without significant pain.