New inflation data released Friday offered dismal news: historic price increases aren’t showing any signs of abating, and in fact may be accelerating.

What can be done? Federal Reserve chairman Jerome Powell has an idea: throw cold water on the hot labor market — perhaps the one bright spot in the current economy.

In fact, Powell recently screamed the quiet part out loud, making clear the largest central bank in the world is in fact an adversary to workers, when he declared that his goal is to “get wages down.”