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Terrible click bait. The actual quote is "...I think put supply and demand at least closer together than they are, and that that would give us a chance to have
by refurb 3y ago
Terrible click bait.
The actual quote is "...I think put supply and demand at least closer together than they are, and that that would give us a chance to have lower—to get inflation—to get wages down and then get inflation down without having to slow the economy and have a recession and have unemployment rise materially."
So the goal is to stop wages from rising so fast (not to lower current wages) in order to stop the inflationary spiral that hurts workers in the end.
Amazing how it gets spun as "US Federal Reserve wants to hurt workers", when it's really "US Federal Reserve is try to get inflation under control without hurting workers".
- sircastor 3y agoSo far it appears to be working. Unemployment is low, and we haven’t hit a recession in spite of the dire predictions over the last year (some folks seem to desperately want it to happen)