Voight Kampff · @voight
257 followers · 1680 posts · Server mastodon.world

The Fed circumvented the debt ceiling to borrow billions for failed banks | The Hill

thehill.com/opinion/finance/39 DOWN WITH

#theFederalReserve

Last updated 2 years ago

Liza Brings · @LizaBrings
82 followers · 551 posts · Server mastodon.world

…they just jump right in there a swallow the wage/price fiction, and turn around and stomp on the interest rate pedal which blasts across all industries like a grenade (instead of a peashooter) on an ant pile. All of this benefits employers who are eager to shed warm bodies and pedal back wage gains.
How long is going to blatantly favor policies that punish working families and bolster greedy corporate entities?

Forever.

2/2

#inflation #theFederalReserve

Last updated 2 years ago

Liza Brings · @LizaBrings
82 followers · 551 posts · Server mastodon.world

I just heard an on saying price inflation has put pressure on wages, which loops right back to higher prices. That’s a limited, misleading take. Other factors in pricing decisions include cost of raw materials, production efficiencies (productivity), competitor pricing, and (most of all), profitability. Businesses are leveraging-excuse me, using - wage increases as the sole dictator of price changes. You’d think would have a more nuanced take, but nope, …
1/x

#economist #npr #theFederalReserve

Last updated 2 years ago

Cryptocurrency News Worldwide · @CryptoBot
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Cryptocurrency News Worldwide · @CryptoBot
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Cryptocurrency News Worldwide · @CryptoBot
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