Invest in alarm clocks
-
Jerome Powell drops a major hint into the true state of the job market -- and it suggests the Fed is making a big mistake
Federal Reserve Chairman Jerome Powell should heed his own advice. One statement in particular during Powell's debut press conference said pretty much everything about the state of the US job market — improving but still short of full health. "We will know the labor market is getting tight when we do see a more meaningful upward move in wages," Powell said in response to a reporter's question as to whether he was satisfied by the current pace of wage growth, which remains lackluster by most accounts. "We've seen only modest increases in wages. I've been surprised by that." That insight, as obvious as it might ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 22, 2018 11:42am Mar 22, 2018 11:42am
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2557 Comments
- Comment #2
- Quote
- Mar 22, 2018 4:05pm Mar 22, 2018 4:05pm
- ettrader
- | Joined Aug 2009 | Status: Member | 504 Comments
- Comment #3
- Quote
- Mar 22, 2018 6:45pm Mar 22, 2018 6:45pm
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments | Online Now
IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
- Comment #4
- Quote
- Mar 22, 2018 7:23pm Mar 22, 2018 7:23pm
- billv
- Joined Dec 2011 | Status: Member | 1068 Comments
Have a nice day