Jerome Powell puts US pay hikes at heart of Fed's 2023 inflation fight | Economic Times

Jerome Powell puts US pay hikes at heart of Fed's 2023 inflation fight https://ift.tt/jQsabu8 pivotal question for Fed officials is whether the climb in US pay over the past 18 months or so is a one-time bump - as companies adjust to scarce labor supply, and a realization that their workforce was under-compensated - or a pernicious feedback loop in which prices and wages drive each other up.