2022-11-18 Economy
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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
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[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
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Posted by Skidmark 2022-11-18 00:00||
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