Fed is going to be forced to re do their model and not take account employment as a pillar of inflation. If wage growth stays on trend at 0.3% then they should be happy. The economy has a supply side issue.....supply low -> demand stable prices go up. Fed needs to put liquidity in the market so there are more start ups and business openings to increase supply. They also need millions of migrants.
Indices 13/03, page-9
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