The Labor Market remains “Strong”

Powell is in the same corner as Yellen. According to Powell: “Inflation is a little bit below target, and it’s kind of a mystery,” he told CNBC in August. “You would have expected, given that we’re getting tighter labor markets, that we’d have a little higher inflation. I think that what that gives us is the ability to be patient.” When he takes over in February, he can sit on his hands and wait! For a long time we cannot see any relation between the two, as the chart illustrates. For the last two years, wages have remained docile, just as…

This content is for Free Trial and Subscriber members only.
Log In Register

Comments are closed, but trackbacks and pingbacks are open.