Quote:
Originally Posted by Reiwa
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Depends on the interest rate.
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While former private equity executive and Federal Reserve Bank Chair Jerome Powell takes aim at workers with a pledge to “get wages down” to combat inflation, he has declined to implement a law to reduce the skyrocketing paychecks of his former colleagues on Wall Street.
A BANK OF AMERICA executive stated that “we hope” working Americans will lose leverage in the labor market in a recent private memo obtained by The Intercept. Making predictions for clients about the U.S. economy over the next several years, the memo also noted that changes in the percentage of Americans seeking jobs “should help push up the unemployment rate.”