“Does the Fed chairman really mistakenly believe that wages are driving inflation? If not, Powell — a mega-wealthy private equity mogul and a Republican — might have just validated an argument long made by progressives: that a key driver of the central bank’s interest rate policies is actually to suppress labor power.” https://www.levernews.com/the-fed-declares-war-on-workers/#:~:text=Does%20the%20Fed,suppress%20labor%20power.
“Does the Fed chairman really mistakenly believe that wages are driving inflation? If not, Powell — a mega-wealthy private equity mogul and a Republican — might have just validated an argument long made by progressives: that a key driver of the central bank’s interest rate policies is actually to suppress labor power.”