this is definitely by design, but it is driven by public policy (reducing inflation), not private companies conspiring against their employees. the worst possi

this is definitely by design, but it is driven by public policy (reducing inflation), not private companies conspiring against their employees. the worst possible thing from a central bank perspective is a wage-price spiral where employees can negotiate wage increases that keep up with inflation. increasing interest rates is designed to depress wages by cooling the employment market, which decreases income, which decreases spending, which then decreases the rate of inflation.