Powell said he sees a role for automation and new investment in the service sector to help relieve some of the pressure on the labor supply. But it's not really clear how many opportunities there are for kind of labor replacing investment, says David Rothkopf. "He would say that wage growth is good if it's consistent with price stability"
Featuring historian Tim Barker on the state of monetary politics amid the current fight over inflation.
Check out my July 2021 interview with Barker if you want a more expansive primer on inflation thedigradio.com/podcast/inflation-politics-with-tim-barker
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