-
Powell: Inflation and the Labor Market
Today I will offer a progress report on the Federal Open Market Committee's (FOMC) efforts to restore price stability to the U.S. economy for the benefit of the American people. The report must begin by acknowledging the reality that inflation remains far too high. My colleagues and I are acutely aware that high inflation is imposing significant hardship, straining budgets and shrinking what paychecks will buy. This is especially painful for those least able to meet the higher costs of essentials like food, housing, and transportation. Price stability is the responsibility of the Federal Reserve and serves as the ... (full story)
-
Fed’s Powell: Expect Housing Services Inflation to Begin Falling Sometime Next Year, if Lease Trends Continue
— *seven (@sevenloI) November 30, 2022
Fed’s Powell: Moderation in Labor Demand Growth Will Be Required to Restore Labor Market Balance
-
Fed’s Powell: Initial Surge of Inflation Not Related to Wages, but Wages Are Going to Be Important Going Forward
— *seven (@sevenloI) November 30, 2022
-
Fed's Powell: In The Service Sector In Particular, Wages Need To Rise At A Level Consistent With 2% Inflation Over Time
— *seven (@sevenloI) November 30, 2022
-
Fed's Powell: Probably 1.5 To 2% Above That Now Given Adjustments For Productivity
— *seven (@sevenloI) November 30, 2022
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 30, 2022 2:08pm Nov 30, 2022 2:08pm
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #2
- Quote
- Nov 30, 2022 2:10pm Nov 30, 2022 2:10pm
- turnip15
- Joined Sep 2006 | Status: Member | 576 Comments
- Comment #3
- Quote
- Nov 30, 2022 2:22pm Nov 30, 2022 2:22pm
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments