What they really mean is that they use monetary policy to control labor costs for corporations.

Is unemployment too low and labor becoming too expensive and eating into profits? Let’s pump rates and subdue worker power, and make workers hungry and willing to work for less.

Is unemployment too high that people are at risk of unifying? Let’s drop rates and give our free money: 80% will serve asset price inflation for the rich, and 20% will filter into wages to pacify the masses.