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This seems unnecessarily pedantic. Powell has said he believes the tight labor market is driving inflation. It's a totally fair characterization to say "Powell
by im-a-baby 4y ago
This seems unnecessarily pedantic. Powell has said he believes the tight labor market is driving inflation. It's a totally fair characterization to say "Powell believes the labor market is too tight" given his statements. In this case, "too tight" means "tight to the point of causing inflation"
- JumpCrisscross 4y ago> Powell has said he believes the tight labor market is driving inflation No, he has said nominal wage growth is driving inflation. Wages and unemployment are related but not the same thing.
- s1artibartfast 4y agoWhat do you think is driving nominal wage growth if not low unemployment?