Wage pressure paranoia strikes again.
By focusing on this fictitious danger of inflation, meaning, workers might ask for higher wages, the Fed is taking steps to keep MORE people unemployed, thus locking millions of able-bodied, but unemployed workers out of labor market.
It makes you wonder exactly who the Fed is working for? The people? Or corporations not wanting to pay higher wages?
Source: The Fed just took action to slow job creation despite low inflation – Vox