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Comment by jackcviers3 | Hacker News Reader
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jackcviers3
·
It's also what the fed wants to slow inflation.
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katbyte
·
And keep wages down during a period of historical low unemployment.
teeray
·
So it's also a cargo cult. Appease the fed gods and they'll turn the money faucet back on again.
Reply on news.ycombinator.com