So keep real wage change negative and put the effects onto workers, rather than dealing with the…

…ge in inflation is leading to broader inflationary pressures that the Federal Reserve must control. For example, nominal wage growth has grown to 5 percent or more, which is inconsistent with our 2 percent inflation target given recent trend productivity growth. Monetary policy is the appropriate tool to bring the labor market back into balance.
Why We Missed On Inflation, and Implications for Monetary Policy Going Forward
490
31
Neel Kashkari
Amy Blankenship
·Follow
Jan 13, 2023
--
So keep real wage change negative and put the effects onto workers, rather than dealing with the price gouging you call "surge pricing" euphemistically?
--
--
Written by Amy Blankenship1.2K Followers
·107 Following
Full Stack developer at fintech company. I mainly write about React, Javascript, Typescript, and testing.
No responses yet
Help
Status
About
Careers
Press
Blog
Privacy
Terms
Text to speech
Teams