The Fed was just saying they’re trying to get wages to stop going up; aka CEOs tossing more money at people, and trying to get people to save.
It’s gaslighting while ignoring the obvious trend; decades of CEO pay/growing wage inequality have lead normies into high inflation despite being told paying workers more would be the cause.
The powers that be are not dumb; they intentionally peddle narratives contrary to their intentions all the time; Roe v Wade for example. They’ll conveniently ignore the status quo of paying them more deflating our buying power because barely 90% of country is college educated and won’t question the hierarchy defined for them their entire lives, and the educated are outnumbered so they just play along.
I don’t know how it can be anymore clear; decades of doing what we were resulted in the situation we find ourselves; JIT logistics only the elite can thrive in.