Re:Fed hikes rates by 0.25 point despite recent turmoil in t...
by tootie on Wednesday March 22, 2023 @05:55PM
(#35267594)
All things the Fed has zero authority over. That article says it has policy suggestions and then has a single half-baked thought at the end over what that policy might actually be. Right now, unemployment remains rock bottom. Fed policy is to raise rates until inflation comes down with as little impact on unemployment as possible. That's exactly what they're doing. Idk what else you expect them to do. Cut rates? Like they've been doing in Turkey?
https://www.epi.org/blog/corporate-profits-have-contributed-...
Maybe claw back the money supply from corporations instead of the labour market. If instead of having only one tool, they also had this complementary tool, maybe we'd see better policies.