the feds are raising interest rates to trigger unemployment because they moronically think we’re in the middle of a wage-price spiral
If you look at the things they actually say, it's pretty clear that they know full well that inflation is being caused by supply issues and corporate profit-seeking rather than wage increases. It seems instead that they're raising rates intentionally to fuck over workers simply because they don't like seeing wages rise.
If you look at the things they actually say, it's pretty clear that they know full well that inflation is being caused by supply issues and corporate profit-seeking rather than wage increases. It seems instead that they're raising rates intentionally to fuck over workers simply because they don't like seeing wages rise.