The Labor Market: Cyclical strength and structural change
Insights Now
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The Fed Needs to Look at the Labor Market
The danger is the federal reserve reacts to today's very tight labor market and high inflate tion by over tightening and causing a recession next year. I think it needs to see some moderation wage growth. But i'd look carefully at government spending, government transfer payments. And how strong are our exports? How strong is the government spending growth in in state and local governments?
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