The Fed/Corporations are aligning trying to stop inflation.
When companies become more powerful than governments, this is to be expected.
When companies become more powerful than governments, this is to be expected.
That's a big claim to make without any evidence. Do you have anything to suggest that big companies in fact are colluding with the Federal Reserve to keep employee salaries down?
I don't even know if an anticipated recession is in play here. The simple explanation is that safe investments are now pulling 4% returns (pre-inflation), so now riskier investments like stocks have to return more than 4% to account for the risk. Nobody wants stocks where the best outcome is matching inflation (unless safe investments are returning less than inflation).
If companies were involved in the discussion, I suspect they'd be most interested in getting interest rates back down to 0 because it pushes money into the stock market and raises their share price.
You are a programmer, right?
You understand the concept of indirection?
The only way I can imagine this wooshing is if you don't realize that indirection isn't just a technological mechanism. It is, in fact, near omnipresent, and reached for constantly by people in management positions. It's a sociological tool that imbues the wielder not just with great power to get things done while detaching themselves from the suffering created by doing so, but also gives them enough plausible psychological distance that even the masses tend to cut them a check when in reality, a bit of thought on the arrangement of things boils things down to "actor creates signal, signal hanfler handles"
https://www.nytimes.com/2023/05/05/business/economy/wages-fe...
It's no good if wages and prices go up, as that would will compound into a positive feedback loop until currency collapse.
When that happens it means they became too powerful. Political power can only come from votes.