A woman works at the Amazon fulfillment centre in Staten Island, New York City, on February 5, 2019. Service wages are the only part of the price structure that the Fed’s new policy can affect directly. Photo: AFP
Opinion
Opinion
Macroscope
Why US workers and their wages are the real target in Fed’s war on inflation
- The Federal Reserve’s planned interest rate increases show it has bowed to pressure from economists and financiers
- Whether it is intentional or not, the US central bank’s war on inflation will in reality be a war on American workers and their interests
A woman works at the Amazon fulfillment centre in Staten Island, New York City, on February 5, 2019. Service wages are the only part of the price structure that the Fed’s new policy can affect directly. Photo: AFP
