Wage Inflation? Not to Worry

Brief

Wage Inflation? Not to Worry

Commentary
October 1, 1998

Abstract

[Washington Post] Economists long have warned of the inflationary dangers associated with very low unemployment rates. From their perspective, the Fed's latest move is an attempt to help international markets but at the cost of increasing the potential for inflation. In fact, a close look at the job market provides support for the Fed's cut in interest rates and should calm anxieties about impending wage inflation.

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