01-09-2017, 09:09 AM
Warren,
It was me, and the answer is, probably a mixture of both. Given the labor force participation rate, and the regional disparities in job creation, there is probably more slack in the labor market than you think, and other inflationary pressures are so low in the economy right now that a modest rise in inflation wouldn't hurt.
It was me, and the answer is, probably a mixture of both. Given the labor force participation rate, and the regional disparities in job creation, there is probably more slack in the labor market than you think, and other inflationary pressures are so low in the economy right now that a modest rise in inflation wouldn't hurt.