Can Europe's Economy Handle Russian Sanctions? | Frances Coppola
Forward Guidance
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The Federal Reserve's View on the Wage Price
I imagine what the federal will be looking out for will be evidence that there's some kind of wage price by developing. I have to say, I'm not seeing much evidence of it at the moment. It's because we've got a really large public sector and we've got the government is imposing limits on the public sector. And when you've got a public sector of that size, that's kind of setting the wage price level for the private sector as well. So unless I was thinking, I think we need some perspective on this. You know, we are not talking about huge interest rates rising here."
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