Twitter Thread:  Consumer Price Index is 9.1%. year over year. The Fed’s solution is to raise interest rates, killing the economy to bring down. A thread about establishment logic.  #CPI 9.1% Fed Chair Powell wants to raise unemployment and lower wages to fight inflation. Recession risk is a lower priority. https://www.marketplace.org/2022/05/12/fed-chair-jerome-powell-controlling-inflation-will-include-some-pain/   But, many sectors of the economy …

Fed Chairman Powell Wants Higher Unemployment to Stop Inflation Read More »

This post was originally published on Real Progressives.