The Fed has the responsibility of stabilizing prices and maximizing employment. Powell has held its benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact Trump’s massive tariffs had on inflation.
The Fed has the responsibility of stabilizing prices and maximizing employment. Powell has held its benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact Trump’s massive tariffs had on inflation.
Your last point is a fair one, but it’s also still important to mention because that specific strain of “it’s all political, who cares” is what creates tolerance for a lack of transparency and public accountability.
If anyone wants to take this problem seriously, it is also important to understand that even if what is released as an executive summary is deeply flawed, there are real civil servants there still trying to do the best they can with as little as possible. The data is all still published. We, as consumers of journalism, really should be pressuring editors to actually fix the way they uncritically gobble up and report anything that the DoL puts out.
Or, really, reporting on it ourselves and trying to learn and maintain a common set of journalistic ethics.
When people realize that attention is a currency, hopefully they will start being more careful where they direct it. Right now too many people consume news uncritically and as entertainment, and its giving attention to destructive content.
Time is Money is an age-old adage. But it’s one each of us has to conceptualize within our own material condition.
If there’s one thing I haven’t seen a lack of, its naval-gazing self-criticism. Whether its a FOX News host ranting about the Lie-brul Media or a TDS comic ranting about a FOX host ranting about the Lie-brul Media or a Crossfire host ranting about TDS ranting about FOX News ranting about…
It’s an ouroboros of criticism. But what comes of it?
The civil action that I see - the Palestine protests and “No Kings Day” marches, efforts to provide relief to migrants crossing the border deserts, anti-war rallies, the journalists collecting information on both the technical and social hazards of slipshod technology like AI and Crypto, the reports on consequences of climate change and political efforts to prevent it, efforts to implement BDS on public trusts and state spending priorities - are all getting bottled up by corporate obstruction and their members brutalized by federal police.
This isn’t an issue of attention, its one of action. There’s a strong popular demand for big socio-economic reforms that is being squelched by the bloated boot of the police state. So all we have left is people screaming out at one another from underneath.