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kleinbl00 · 1331 days ago · link · · parent · post: Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation
LOL I think Powell is about to say 'we give no fucks about inflation' because Powell is a year away from saying 'we can't do shit about inflation'. The way the minimum wage fixes that is if you tie it to local cost-of-living increases that you calculate yearly or quarterly. And that's not going to happen without some serious political revolution.