Will the RBA be able to keep banks afloat as fixed loans switch to variable?, page-10

I think it's more that the Federal Reserve/ Australian Reserve banks were waiting for the economy to get stronger, and scared of market downturns if it started to taper/ tighten.

Massive selloffs would happen each time they would even talk about tapering/tighening.

So as usual the powerful entities, notably other banks, were holding a metaphorical gun to the head of the Fed/ RBA. Yellen used to capitulate every time.

So now we have Jerome Powell/Philip Lowe hell bent on tapering/tightening and will continue to implement punishing interest rate hikes regardless of the damage.

I'm not sure about conspiracy theories as it's more like there are competing interests and the ones with the most clout are winning.

What annoys me is how we have had wage suppression for decades and it's hollowing out the middle class and killing the worker.

The latest demonisation of wage increases is they're inflationary.