• Aug 16, 2022
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  The tightness of the labor is more than the Fed expected, so it will have to generate a slowdown long enough to push the unemployment rate up well above 4% - William Dudley
  

  
  

  The current wage trend is 4 or 5%, which is not consistent with 2% inflation, because inflation is high and labor market is tight. Ratio of unfilled jobs to workers is 1.8 to 1.
  

  
  The Fed says it wants 2% inflation, but he thinks they actually want 3%.
  

   
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  <div><b>The tightness of the labor is more than the Fed expected, so it will have to generate a slowdown long enough to push the unemployment rate up well above 4% - William Dudley</b><br></div><div><br></div><div>The current wage trend is 4 or 5%, which is not consistent with 2% inflation, because inflation is high and labor market is tight. Ratio of unfilled jobs to workers is 1.8 to 1.<br></div><div> <br>The Fed says it wants 2% inflation, but he thinks they actually want 3%.<br></div> 

  The tightness of the labor is more than the Fed expected, so it will have to generate a slowdown long enough to push the unemployment rate up well above 4% - William Dudley
  

  
  

  The current wage trend is 4 or 5%, which is not consistent with 2% inflation, because inflation is high and labor market is tight. Ratio of unfilled jobs to workers is 1.8 to 1.
  

  
  The Fed says it wants 2% inflation, but he thinks they actually want 3%.
  

   

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