Surveillance: Labor Market Sends Mixed Signals
Bloomberg Surveillance
00:00
The Fed's Data Dependency on Wages
The Fed can take a little bit of comfort in that despite the very strong numbers that, the headline numbers that we saw on upward revisions, we're not seeing an intensifying wage pressure. Randy Krossen: There's been angst over the last 10 days about the revisions that Mike McKee talks about. Nobody trusts him, Jack Welch, the late great Jack Welch of GE didn't trust Bureau of Labor Statistics and all that. Explain how experts like you are not worried or don't have the angst that we have in the birth death study.
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