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Economy
Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades - and there are now almost two jobs for every person looking for work
2022-11-18
[Daily Mail, where America gets its news]
  • Christopher Waller, one of six members of the board of the Federal Reserve, on Wednesday addressed the Annual Economic Forecast Luncheon, held in Arizona

  • Waller, a governor of the Fed since December 2020, used his speech to emphasize 'the Federal Reserve's ongoing fight to reduce inflation'

  • He urged employers not to give any pay rises, saying that it was pushing up inflation

  • 'At any other time, I would be pretty unhappy about slowing growth, but not now,' Waller said
Related:
Federal Reserve: 2022-11-01 With deep recession coming, Biden prepares by... blaming Republicans
Federal Reserve: 2022-10-31 The Fed Is Officially Losing Money
Federal Reserve: 2022-10-23 IRS raises 401(k) contribution limit by record amount as inflation rages
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