This has been the plane all along – “Fed’s Powell cites top barrier to taming inflation — workers’ wages”

This seems like a good place to post an article that rolled through my Google news feed just this morning: “Employers are putting artificially low salaries on job postings to try to get around pay transparency laws” Lest we forget though, this is literally Fed Chair Jerome Powell's plan to lower inflation: “Federal Reserve Chair Jerome Powell on Wednesday said the biggest remaining barrier to taming inflation is the shortage of workers, which is giving Americans greater clout to seek higher pay.” Powell has actually been promising you this nightmare for several months now and he appears poised to continue into 2023: https://www.cnn.com/2022/08/26/economy/federal-reserve-jerome-powell-jackson-hole-2022/index.html https://www.cnn.com/2022/08/30/economy/fed-jerome-powell-pain-economy/index.html ​ The promise of “low unemployment and high wages” is something that sounds good in political campaign speeches, but the functional reality is that the folks who really run the economy see that as a pervasive and existential threat to their trickle down / supply side…