6 ms·
>...The FED is essentially signalling to policy makers that the time to up minimum wage is... was, yesterday. I don't think there is any evidence at all that t
by opo 8y ago
>...The FED is essentially signalling to policy makers that the time to up minimum wage is... was, yesterday.
I don't think there is any evidence at all that the Fed raising (or not raising) the interest rates is an attempt to dictate the minimum wage level. The Fed's mandate from Congress is to aim for three goals: "...maximum sustainable employment, stable prices, and moderate long-term interest rates."
https://www.federalreserve.gov/faqs/what-economic-goals-does-federal-reserve-seek-to-achieve-through-monetary-policy.htm https://www.federalreserve.gov/faqs/what-economic-goals-does...
Let's not use Fed policy in trying to achieve their mandates as a pretext for some other policy someone wants to promote.