This is horrifying if true. Is there a source of the fed saying this somewhere?
Discussion
Read the comments from any of the FOMC announcements from this year. In a nutshell they say employment is too high which drives higher wages from companies competing for workers and this causes inflation.
If you're on the other bird app:
https://twitter.com/chris_tavrou/status/1674101102348849152?s=46&t=xMJQE5_n21fD_TKpHylTOQ