Just a reminder that #Federal_Reserve chairman Jerome Powell believes that #inflation is the workers' fault, and is intentionally seeking to cause layoffs so that pay scales get reduced.
While shortages persist and residential real estate prices are still high, price inflation will persist, even in the absence of genuine currency inflation ... I don't know that #The_Fed has any tools that could have a focused impact on housing prices. Most of them are very general, and wielding them tends to be not enough until it is too much.
#Bank_of_America and the #Federal_Reserve are both blaming price inflation on workers, but in fact, the Fed, the banks, the Treasury, national political leaders, and decades-old decisions by corporate managers are at the root.
WaPo: "... no president since World War II has lost reelection when unemployment was below 7.4 percent." https://nu.federati.net/url/254352 [washington post]
Is that really true? I haven't checked yet. I realize that wallet issues are life issues, but I'd expect other major issues to occasionally outweigh the economy.
If we wonder why banks / banksters repeatedly commit these kinds of offenses every few years, this is why. Years later, and all WFB has to do is not grow their assets for a couple of years while they prove they're good people again.