The Central Bank is raising interest rates to reduce demand for goods and services. Reduced demand will result in layoffs, which will remove the upward pressure on wages. So, the Central Bank is going to control inflation by keeping wages low. High interest and unemployment have no effect on the wealthy and most boomers. It's just young workers, renters and those with debt who will pay for this plan. TLDR: The rich are going to eat the workers.
The Central Bank is raising interest rates to reduce demand for goods and services. Reduced demand will result in layoffs, which will remove the upward pressure on wages.
So, the Central Bank is going to control inflation by keeping wages low.
High interest and unemployment have no effect on the wealthy and most boomers. It's just young workers, renters and those with debt who will pay for this plan.
TLDR: The rich are going to eat the workers.