berg80
Diamond Member
- Oct 28, 2017
- 20,697
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Fed chairman Powell basically said in his press conference that he is going to cause higher unemployment by design. Part of the inflation picture is wage inflation so he is going to try to decrease job openings and increase layoffs.
So when Trumpleton's blame Biden for this, as they do all things, let's all understand this is the Fed trying to bring down inflation. Inflation that got as hot as it did in part because they acted too late in raising interest rates. And, as Powell said, the Russian invasion of Ukraine affecting food and oil.
So when Trumpleton's blame Biden for this, as they do all things, let's all understand this is the Fed trying to bring down inflation. Inflation that got as hot as it did in part because they acted too late in raising interest rates. And, as Powell said, the Russian invasion of Ukraine affecting food and oil.