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Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the …

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the street and thus supposedly reducing prices. While I’m sure that corporate, donor-bought congressmembers appreciate his struggles in the class war against the poor and middle class, it’s all a crock. More

The post Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Eve Ottenberg.


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