Tag Archives | Federal Reserve Chairman Jerome Powell

Pledging “pain,” Federal Reserve declares war on the working class

Originally published: World Socialist Web Site (WSWS) on August 27, 2022 by Marcus Day (more by World Socialist Web Site (WSWS)) | (Posted Aug 31, 2022)

In his speech Friday at the Federal Reserve’s annual summit in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell made one thing clear: America’s financial oligarchy is determined to make the working class bear the cost of the deepening economic crisis.