Yellen tells American Industry not to produce jobs or good wages
Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are “completely gone.”
Look, why would those who hire people want easy money to go away? They don’t. So if giving people good wages and employment will mean the Fed tightening, they have every incentive not to do so.
The actual way to do it is to say “this policy is not working. If it does not show progress, we will cancel it.”
If what you wanted was high wages and low actual unemployment.
Which isn’t what Yellen wants.