• gnurd@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    13
    arrow-down
    2
    ·
    7 months 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.

      • gnurd@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        4
        ·
        7 months ago

        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.

    • stolid_agnostic
      link
      fedilink
      English
      arrow-up
      5
      ·
      7 months ago

      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.

      • gnurd@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        5
        ·
        7 months ago

        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.

    • Echo Dot@feddit.uk
      link
      fedilink
      English
      arrow-up
      4
      ·
      edit-2
      7 months ago

      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.

      • gnurd@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        7 months ago

        When people say the Fed in this context (the tweet) they generally mean the Federal Reserve which is headed by Jerome Powell.