[mullingitover]

The quiet part would be "We need to put a few million people out of work to cool things off."

[mywittyname]

It's the reason that the Fed is nominally non-political.

Nobody wants the medicine, even if they need it.

[xenadu02]

This is the first time labor has been making real gains compared to productivity in a long time. I don't think it's surprising that capital would prefer to layoff a few million plebs to remind the rabble where they stand.

[goodluckchuck]

Monetary policy is always political.