Robert ReichDec 16, 2022

Why is the Fed putting the onus of fighting inflation on workers and consumers rather than on the corporations largely responsible for driving up prices — and padding profit margins?

This is wrong. It's bad economics. It’s insane politics. And it’s profoundly unfair.

Show threadAlex KDec 16, 2022
@rbreich
Naive question: What tools does the Federal Reserve have to hold corporations padding profit margins accountable?
Show threadJames WellsDec 16, 2022
@dosemakestoxin @rbreich
Not a naive question at all and is in fact the single most important question? I have seen people hem and haw over answers, but every single one of them has been nothing more than a veiled way to again put the onus on the low and middle class.
Show threadAlex K

@nikatjef @rbreich

Thanks for your response. I am similarly coming up empty here but I am open to some interpretations of the Fed's powers here. My general understanding is that they basically have very broad levers to manage the economy.

It seems to me an act of Congress would be a more targeted approach but I am far from an expert of this subject.

Dec 16, 2022 at 7:26pmWeb