By announcing forthcoming interest-rate hikes at a time when total US employment is still below its 2019 level, the Federal Reserve war on "inflation" is really a war on American workers.Insight
The Fed's Target Is Workers
James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin
4 comments:
Déja vu?
Fed is operating under direct orders from Biden….
Trump is on record currently as opposing raising the risk free rate and instead looking at direct material supply policies…
This is like Tom here when Democrats screw up it’s “the US!”… then when GOP screws up it’s “Trump!”…
JG here with Democrats incumbent it’s “the Fed!”…. meanwhile Fed operating under complete Democrat control…
Both Tom and JG high political bias towards favoring Democrats…
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