Re:Tech companies are colluding to cheat H1B visa lottery, U...
by dragonwriter on Friday April 28, 2023 @11:37AM
(#35742587)
To be fair, the Fed has fairly blunt monetary policy tools; distributional impacts like that are the realm of Congress and fiscal policy. (Which fairly consistently drops the ball, but blaming the Fed for the inaction of the entity which both sets the Feds toolset and mission and then doesn’t deal with the problems inherent in the Fed executing that mission with the toolset it has is kind of badly missing the point.)
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Re:Tech companies are colluding to cheat H1B visa lottery, U...
by jpgvm on Friday April 28, 2023 @11:47AM
(#35742795)
Additionally it's hard to blame the Fed for overreacting to the COVID crisis because they had to act quickly and previously they haven't been able to rely on sensible fiscal policy.
Fed deployed the tools they had then and they are doing the same now, thankfully taming inflation is something they have more experience with vs pandemics.