>"I wish there were a painless way to do that," Powell said. "There isn't."
Maybe you should email him your idea.
Also, I don't think it is accurate to say that the Fed sees worker power as a "lever" to control inflation. Their "lever" is interest rates. The problem is that hiking rates has the unintended side effect of increasing unemployment, in addition to fighting inflation. And this unemployment increase is due to a generalized economic slowdown, which hurts both labor and capital -- that's why the stock market is falling.
In the article Powell says:
>"I wish there were a painless way to do that," Powell said. "There isn't."
Maybe you should email him your idea.
Also, I don't think it is accurate to say that the Fed sees worker power as a "lever" to control inflation. Their "lever" is interest rates. The problem is that hiking rates has the unintended side effect of increasing unemployment, in addition to fighting inflation. And this unemployment increase is due to a generalized economic slowdown, which hurts both labor and capital -- that's why the stock market is falling.
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