@MichaelAArouet Regarding your comment on the German IG Metall union: They do not ask for 4 days week. They ask for 7% pay rays and this way less then the labour force lost through inflation. The real income for the labour force you are talking about has gone down by more then 9% since 2019.
Absolutely right and here is the evidence.
2nd WW: During World War II, the Federal Reserve played a significant role in managing interest rates in the United States. Early in 1942, the Federal Reserve began pegging the prices of Government securities to help finance the war effort. By pegging these prices, the Federal Reserve aimed to keep interest rates down.
https://t.co/9TRaWEzkys
Gulf War and 9/11: Both resulted in aggressive rate cuts.
https://t.co/UxADOQJ6z1