Fed's Powell: 'Muted' inflation gives room for wages to rise - Business Insights

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Friday, March 1, 2019

Fed's Powell: 'Muted' inflation gives room for wages to rise

A rise in productivity last year gives more room for wages to grow without the risk of higher inflation, Federal Reserve Chairman Jerome Powell said on Thursday, offering another reason why the U.S. central bank can hold off on further rate increases.
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