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Post By
bd2999 
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Member Since: Sat May 17, 2008
In Reply To
Late Great Donald Blake 
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Member Since: Sat May 17, 2008
Posts: 7,517
Subj: Re: Funny that you've neglected to mention Jerome Powell's thoughts on wages.
Posted: Wed Jun 22, 2022 at 10:58:39 am EDT (Viewed 160 times)
Reply Subj: Funny that you've neglected to mention Jerome Powell's thoughts on wages.
Posted: Tue Jun 21, 2022 at 05:35:10 pm EDT (Viewed 189 times)

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Not supportive of that but the Feds job should be to thread a needle and cause minimal damage to individuals jobs while reducing inflation. It rarely works out that way though but that is always the goal. 

I mean the problem is inflation is already hurting people and the near term solutions for dealing with the problem are not numerous. You either let it play out or take some sort of action in an attempt to reduce the problem. 

That solution causes other problems but at the macroeconomic level all actions are going to have some consequences for different parts of the population. 





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