Inflation here? gas/grocery prices just continue to climb
So Jerome Powell wants wages to go down to help fight inflation?
https://mronline.org/2022/05/26/u-s-federal-reserve-says-its-goal-is-to-get-wages-down/
Isn't this what was said a couple years back against the argument of continuing to raise the minimum wage.. That prices would increase, thus inflation?
Is Powel confirming the thesis that if wages rise that prices will follow the wage increases.