> Do you think that inflation doesn't affect the poor? Yes, it affects the poor, but the only way out of poverty is employment and wage growth. > Or do you th

> Do you think that inflation doesn't affect the poor? Yes, it affects the poor, but the only way out of poverty is employment and wage growth. > Or do you think the Fed has some tool which can reduce inflation without reducing wages No. > Or some third option? Wage inflation is not necessarily a bad thing, as long it outpaces the inflation of other products. Of course it all depends on whose wages are rising the fastest, the wages of the poor or the wages of the wealthy. What corporations don't like is when wage inflation cuts corporate profits.