Central banks were designed to suppress wages. This is where we get the 0 to 3% target. It will erode wages and the thinking was not lead to layoffs and unemplo

Central banks were designed to suppress wages. This is where we get the 0 to 3% target. It will erode wages and the thinking was not lead to layoffs and unemployment. When the elites meddle with the economy and peoples lives it's a good thing edit: There is a source for this, and quote by Janet Yellen, in a New York Times article discussing the modern theory on central bank governance if I can be bothered to find it