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The fed more specifically is trying to avoid labor price inflation, as in the price of labor goes up in the price and the disconnect between capital returns and
by novok 4y ago
The fed more specifically is trying to avoid labor price inflation, as in the price of labor goes up in the price and the disconnect between capital returns and labor's share of income is maintained instead of starting to match again, which is a key reason why there is general increasing inequality in the USA and it started in the early 1970s when volcker made it fed policy