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by im-a-baby
1331 days ago
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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 believes the labor market is too tight" given his statements. In this case, "too tight" means "tight to the point of causing inflation" |
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No, he has said nominal wage growth is driving inflation. Wages and unemployment are related but not the same thing.