Companies start charging for employee training
(archive.ph)
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The real issue is that the moment labor have power to force better wages, better benefits, and better employee contracts, the Fed magically decides that inflation is being caused by increasing wages (and not green new deal energy policy or mindlessly printing trillions of dollars). The solution? Jack up the rates in order to indirectly shit on labor in the name of “tackling inflation”.
Another issue: these sorts of global interventions only happen on behalf of global corporations. No one cares if runaway labor costs destroy your small town business.
The Federal Reserve is a private corporation owned by bankers. It's something of a moot point since the same people also control the government, but in any case they do what's good for them. People are just cogs.
The fed is autonomous with oversight from congress
"Autonomous" meaning who's in charge? Who owns it, and who runs it?
The Fed does not work for you, me, or small businesses. The Fed works for it's member banks. It acts only in their best interests. Hence the constant blowing of asset bubbles followed by popping. Only the ones at the very top really profit from all of this.