AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Fed's Warning to Working People
The specter of this kind of economic upheaval has heightened concerns about a recession. The Fed has made it clear its number one priority is fighting inflation even if it means the jobless rate unemployment goes up. It's also raised fears of layoffs, which has aggravated the organized labor movement. "We can't take aggressive moves that are going to throw people out of work and basically balance the economy on the backs of working people," Liz Schuller says.