The Consumer Price Index #CPI is 9.1% Year over Year. The Fed’s solution is to raise interest rates, killing the economy to bring down #inflation. A thread (1/10) about establishment logic.
@MarkFabian21
Article version:
realprogressives.org/fed-chairman-p… 2. Fed Chair Powell wants to raise unemployment and lower wages to fight inflation. Recession risk is a lower priority. marketplace.org/2022/05/12/fed…