Pantheon Macroeconomics - Fed Chair Yellen said something which sounded odd, at first, in her Q&A at the Senate Banking Committee last Tuesday. It is "not clear" she argued, that the rate of growth of wages has a "direct impact on inflation".

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21 February 2017 Wages Don't Necessarily Lead Inflation, but Unit Labor Costs do

By Ian Shepherdson

Fed Chair Yellen said something which sounded odd, at first, in her Q&A at the Senate Banking Committee last Tuesday. It is "not clear" she argued, that the rate of growth of wages has a "direct impact on inflation".

Posted: 20th Feb 2017 in 'U.S. Documents'

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