The Federal Reserve hasn’t exactly been shy about what their intended goal was with raising interest rates.
They were trying to trigger job losses so people would have less money to spend, thus “cooling inflation.” That has been their stated goal all along.
This has literally been years of the Fed essentially trying to trigger a recession.
“While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” said Powell.
“I would interpret that as a willingness to see the unemployment rate creep a little higher here to get to that end of reducing demand,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. A weaker labor market generally constricts consumer demand as households conserve cash in anticipation of potential job loss.
Yeah, with the goal of avoiding something worse. Or do you think that letting the economy collapse isn’t going to lead to more job loss and more suffer? Or do you think that just letting inflation run rampant isn’t going to increase suffering across the board?
You said they were open with their intent, and then proceeded to cherry-pick only what you wanted. When I point out the full context their intent, you accuse me of living in a fantasy world. This is some bizarro shit world where you’re trying to have your cake and eat it too. lol
Also, I understand that he doesn’t give a shit about me. What he does give a shit about, a stable economy as that decreases social unrest and lines his pocket, benefits me as well. Life before the federal reserve got teeth was a nightmare for the regular joe.
https://www.cnn.com/2022/08/26/economy/federal-reserve-jerome-powell-jackson-hole-2022/index.html
The Federal Reserve hasn’t exactly been shy about what their intended goal was with raising interest rates.
They were trying to trigger job losses so people would have less money to spend, thus “cooling inflation.” That has been their stated goal all along.
This has literally been years of the Fed essentially trying to trigger a recession.
Yeah, with the goal of avoiding something worse. Or do you think that letting the economy collapse isn’t going to lead to more job loss and more suffer? Or do you think that just letting inflation run rampant isn’t going to increase suffering across the board?
Keep living in the fantasy land where Powell gives a shit what happens to you.
You said they were open with their intent, and then proceeded to cherry-pick only what you wanted. When I point out the full context their intent, you accuse me of living in a fantasy world. This is some bizarro shit world where you’re trying to have your cake and eat it too. lol
Also, I understand that he doesn’t give a shit about me. What he does give a shit about, a stable economy as that decreases social unrest and lines his pocket, benefits me as well. Life before the federal reserve got teeth was a nightmare for the regular joe.