Speech by Chair Powell on monetary policy and price stability

Re:Speech by Chair Powell on monetary policy and price stabi... by matwood on Monday August 29, 2022 @12:54PM (#32640498)

Yeah, between the lines it says 'wages are too high, so we need a recession to put the worker back in line'.

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Re:Speech by Chair Powell on monetary policy and price stabi... by lotsofpulp on Monday August 29, 2022 @01:28PM (#32640944)

And outside the lines, we have a demographic problem with fewer and fewer young people to juice the economy and provide the labor needed to meet expected return on assets that went into many decisions borrowing wealth from the future.

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Re:Speech by Chair Powell on monetary policy and price stabi... by hedora on Monday August 29, 2022 @01:38PM (#32641093)

Ok, but the actual mechanism will be to stop giving free money to the wealthy.

This is an attack on the working class in roughly the same way trickle down economics is a subsidy of the working class.

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