What Really Happens Inside the Federal Reserve
The Investopedia Express with Caleb Silver
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The Most Obvious Yet Most Important Indicator You'd Like to Look at as the New York Fed President?
The stock market matters to the extent that it affects wealth, but the Fed doesn't care about the stock market directly. If the stock market goes down, that's actually tightening financial conditions in line with what the Fed wants to achieve. The Employment Cost Index report is our best measure of wage inflation. We need to see wages rise in the 3% to 4% range.
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