Surveillance: Inflation with Fed's Evans (Podcast)
Bloomberg Surveillance
00:00
Are We Going to Have a Neutral Setting by the End of This Year?
Businesses are now facing those pressures. They've raised wages, and in many cases were, you know, um, an now, six months, nine months ago, we heard that there were wage pressures. When wages have gone up, that is actually satisfied and improved the labor setting in those manufacturing plants. And so in higher wages, ah, it doesn't necessarily mean they have to keep going up each quarter, each month. I feel confident that businesses are going to get on top of their labor costs; pricing behavior will be more in line with price stability.
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