The longer the Fed holds rates steady, the more pressure they'll get from consumers and Wall St: ADP

According to the latest ADP private payroll data, the US added 192,000 new private sector jobs in April, a decrease from the 208,000 jobs added in March. With the jobs report looming on Friday, ADP Chief Economist Nela Richardson offered her insights on the labor market ahead of the Federal Reserve's pivotal policy decision.
Richardson compared the Fed's current stance to a one-legged "tree pose," describing the situation as appearing "deceptively simple" on the surface. However, she cautions that while the Fed can keep interest rates elevated for an extended period, the longer they hold, the more pressure the central bank will face from Wall Street and consumers, making it "harder to maintain the position."
Richardson says the Fed considers "the distribution of their policy effects" and that wage growth will play a crucial role. Highlighting a scenario detrimental to the "big picture monetary policy" objective, Richardson is concerned for low-income workers, burdened by rising inflation and soaring prices: "Their pay is not keeping up," she says.
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[@Barr894]

What happens if the fed doesn’t raise rates - higher grocery bills, medical expense, clothing costs etc. all the necessities. And the debt continues to go to astronomical levels.

[@jaym9846]

Government's job is to print money (for Green Energy, EVs, Nation Building, Wars, etc).
FED's job is to make sure the resulting inflation is limited to a rate of "2%" per year.
Basically they want to boil the frogs slowly to avoid mass panic.
They're doing good job as debt has reached $34,000,000,000,000 without much notice.

[@webnarrator]

3rd!

[@eh7599]

get a haircut

[@jakelamotta7904]

I don’t think it’s funny anymore

[@kuldeepraina7360]

Doom is coming

[@2017phattang]

我要上国际法庭解决我的帳号被他们盗偷用电脑控制我的手机帳号不能使用。他们不还我的帳号。

[@iahlee]

Clearly she doesn’t know what she is talking about. She is reading everything she is saying

[@sanbetski]

Yes because apparently you happen to more better it seems