Red the Fed
The Federal Reserve’s response to inflation is bad for workers — but it doesn’t need to be.
Illustration by Margeaux Walter
One of the most consequential statements of Joe Biden’s presidency came around Memorial Day, and it went largely unnoticed. In advance of a meeting with Treasury secretary Janet Yellen and Federal Reserve chair Jerome Powell, Biden explained his plan “to address inflation.” “It starts,” he declared, “with the simple proposition: respect the Fed and respect […]
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