I think these levers are more of a fiscal policy than monetary policy. Fed does not have the levers, but the government and fed together have the levers. I alwa

I think these levers are more of a fiscal policy than monetary policy. Fed does not have the levers, but the government and fed together have the levers. I always felt that the independent central bank is pretty artificial and used as an excuse. But I am in complete agreement with you on the point you made. Why are we treating profits as untouchable? If labor and cost of goods go up, maybe profits should go down before passing the cost to consumers? I suspect the answer is not very pleasing for many people.