It's more of a watch what they do vs what they say thing: > since 1979, the Federal Reserve has raised interest rates whenever it looked like wages were going

It's more of a watch what they do vs what they say thing: > since 1979, the Federal Reserve has raised interest rates whenever it looked like wages were going to rise faster than inflation. The Federal Reserve, in other words, has crushed wages. https://www.ianwelsh.net/trumps-continued-collision-with-the-federal-reserve/ https://www.ianwelsh.net/trumps-continued-collision-with-the... While you don't see similar raising of interest rates when we have record multi year growth in stock prices The rates started going up as far as I can see in reaction to wage growth: https://www.bloomberg.com/opinion/articles/2018-05-17/fed-shouldn-t-raises-rates-just-to-keep-wages-in-check https://www.bloomberg.com/opinion/articles/2018-05-17/fed-sh... The inverse of the current situation happened, ie: If we have record multi year wage growth and the fed only starts ramping up interest rates in response to a recent increase in stock prices, then I would believe what is nominally said about the fed a bit more :p