fed press_conference, 2019-06-19
So what’s, I guess, a little surprising, though, is that you could reach these levels of unemployment late— you know, long into a cycle, let’s say, and not see even higher wages that are pushing up on inflation, because wages at this level, even though they’re growing at a healthy rate, at an appropriate rate, they’re not growing at a rate that would provide much upward thrust for inflation.
Sentiment: neutral
Topic: mp_labor_market