U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
I get the vibe that fed really basicly not gonna achieve its goal due to it not understanding the material basis of the the inflation which should crash everything.
I get the vibe that fed really basicly not gonna achieve its goal due to it not understanding the material basis of the the inflation which should crash everything.