Biggest News aggregator with 200 million news articles | vimarsana.com
has a strong labor market behind her, that virtuous cycle, that flywheel of gdp, is going to deliver. you mention inflation, which has, of course, been elevated. it actually is growing considerably less quickly here than in europe at this point, but probably more importantly it is down about five points from its peak, so it's slow down a great deal here. so now we are actually seeing some real wage gains, wages outpacing inflation. that helps that virtuous cycle move along as well. >> let's have a small in very accessible economics discussion right now. obviously if wage gains outpace inflation, people are doing okay, because you're not losing money. but the dead has a target for inflation, a target a lot of people think is unusually low, the much of the world has gone to a slightly higher higher target, we should be okay with inflation, it's a little higher than what the fed wants it to be. but you can't change the rules in the middle of the game. we are at four and change