Yesterday, Federal Reserve chair Jerome Powell testified before the Senate Banking Committee and said the Fed is likely to raise interest rates higher than previously expected.
This is a BIG mistake.
It completely puts the burden of inflation on lower-wage workers and the poor.
@rbreich
I feel like it's time to start sharing the
̶B̶l̶o̶o̶d̶b̶a̶t̶h̶ err burden with those who would see my family starve for personal enrichment.
It baffles me the amount of sociopathy tolerated when corporations and governments act in this manner. A level of tolerance that would never be granted to an individual.
Individuals like
FED:
Jerome H. Powell. Chair.
Michelle W. Bowman. Governor.
Lisa D. Cook. Governor.
Philip N. Jefferson. Governor.
Christopher J. Waller. Governor. ...
Lael Brainard. Vice Chair.
Randal K. Quarles. Vice Chair
Janet L. Yellen. Chair.
FTC:
Lina Khan (Chair)
Rebecca Slaughter
Christine S. Wilson
Alvaro Bedoya
SEC:
Gary Gensler
Chairman
Hester M. Peirce
Commissioner.
Caroline. A. Crenshaw Commissioner.
Mark T. Uyeda
Commissioner.
Jaime. Lizárraga
Commissioner.
Robert Reich
ZeroTr0ll