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Forum Home > General Discussion > Wage growth remains well below prerecession levels

Joyce
Administrator
Posts: 1333
The Federal Reserve’s task is to maintain price stability and sustain maximum employment.  While the Fed can claim a small victory with a rise in employment over the past year,  wage growth remains well below prerecession levels.

"For the health of the consumer, wage growth is likely the most important indicator of health in coming quarters. Without a sustained increase in wage gains, consumption is unlikely to trend much higher. If the U.S. economy is going to accelerate, wages will need to do so first. This will—or should—be where the Fed refocuses its attention." 


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April 13, 2017 at 4:27 PM Flag Quote & Reply

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