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Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades - and there are now almost two jobs for every person looking for work
[Daily Mail, where America gets its news]
  • Christopher Waller, one of six members of the board of the Federal Reserve, on Wednesday addressed the Annual Economic Forecast Luncheon, held in Arizona

  • Waller, a governor of the Fed since December 2020, used his speech to emphasize 'the Federal Reserve's ongoing fight to reduce inflation'

  • He urged employers not to give any pay rises, saying that it was pushing up inflation

  • 'At any other time, I would be pretty unhappy about slowing growth, but not now,' Waller said

Posted by: Skidmark 2022-11-18
http://www.rantburg.com/poparticle.php?ID=650067