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HomeMarketsSoutheastFederal Reserve may push labor-freeze to fight inflation, experts say

Federal Reserve may push labor-freeze to fight inflation, experts say

America has been bogged down with the worst inflation in decades.

Economist Sean Snaith blames bad policy in response to the COVID-19 pandemic.

“Thrust us into the worst depression since the great recession, trillions and trillions of dollars in spending following those lockdowns was the spark that got inflation roaring,” Snaith said.

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The Federal Reserve has been increasing interest rates as they try to get a handle on inflation.

Some believe the Fed will urge corporations to start hiring freezes. Snaith said that is a decision businesses will have to make independent of the Fed, but he understands why that could be a potential course of action.

“The hope would be, well, if…

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