- Powell speech: We don't see wages moving up at a troubling rate that would spark inflation
Market news
1 December 2021
Powell speech: We don't see wages moving up at a troubling rate that would spark inflation
Fed Chair Jerome Powell is currently testifying before the House Financial Services Committee alongside US Treasury Secretary Janet Yellen.
Key takeaways:
"Wages have moved up significantly."
"We don't see them moving up at a troubling rate that would spark inflation."
"Inflation we are seeing is still clearly connected to pandemic."
"But inflation has spread more broadly."
"Risk of persistent inflation has risen."
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