Why Higher Wages are a Major Problem for the Fed | Matthew Klein

Matthew Klein, Founder of the THE OVERSHOOT, explains how a wage growth surge has been keeping inflation higher by fueling consumer spending in the United States, despite a higher rate environment.
Klein also breaks down corporate debt-raising and spending trends, U.S. growth projections, & more.
#economics #investing #stockmarket #stocks #money
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[@mcgilcol]

So many words about monetary policy, and nothing about fiscal policy, despite the fact that the US Federal government is running record “peacetime” (since Congress hasn’t declared war) deficits. THIS is why growth, employment and inflation numbers are what they are - monetary policy is increasingly little more than a distraction.

[@Mazryik]

Higher rates + higher employment isn't so bad. However, I feel the title of this video is a bit misleading.

[@invisiblesun6595]

👎🙄