Surveillance: US Jobs Report with Walsh
Bloomberg Surveillance
00:00
The Fed Is Going to Keep at It Until the Labor Market Cracks
The labor market has not cracked. Wages are still going up at a very rapid clip, and the Fed can't stop until the labor market starts to slow down because otherwise you're going to see wages. The only way that we can do this is to have slowdown in demand. That'll slow down the demand for workers and slow down those wage increases.
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