Fed's Hammack Says Sides Of Fed Mandates Are Generally Not In Conflict; Persistently High Inflation Has 'Real Costs', Persistently High Inflation Pressures Wages
https://www.youtube.com/watch?v=Wjip8yr29nE
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Why It Matters
A Federal Reserve leader explained that fighting inflation and jobs are both important goals. When prices stay high, people's wages feel squeezed, which is why the Fed keeps working on this problem.
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