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The Federal Reserve is a Privately-Held, For-Profit Company
(lemmy.dbzer0.com)
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this post was submitted on 27 Nov 2023
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I don't remember the Fed saying anything like that a year & a half ago.
Powell has been saying this for a long time. He doesn't seem to like that people are making more money.
Here's just one of a plethora of examples you can find if you'd just Google it.
Why do I get the feeling he's not talking about the rich here?
Because of course he's not. To me it seems he's definitely more concerned about the pockets of the ruling class. Just my opinion of course.
Yep. Rather than it being corporate greed driving everything (which has been reported on from many angles), it's actually people making too much money that is the problem per Powell.
Exactly. This is the guy saying unemployment needs to be higher. Like wtf, you actually want more people out of work.
Higher wages is not what is driving inflation, it's pure greed. Proven over and over again.
I think they mean that no one in the government ever said that no one wants to work, it was just tight fisted business owners with no brains.
When people say the Fed in this context (the tweet) they generally mean the Federal Reserve which is headed by Jerome Powell.
They meant the first part
Pretty ambiguous and they responded to my comment but not to say that was the case.