Why Does The Fed Want To Tamp Down People Getting Raises?

Why Does The Fed Want To Tamp Down People Getting Raises? When we look at the share of GDP, wages have tumbled dramatically since 2009. The average person out there is not keeping up with the overall prosperity of the country.

Tony Katz:

I am trying my best to make sense of this economy, and I can’t do it. Listen, I don’t claim any level of economic expertise. What I do claim is that I look at this stuff every day. And I could take a look at a GDP of three-point, 3%, and I can look at retail sales up .9% was it? I could take a look at real wages up point .7% and annualized out a basically 5% growth and say, dear Lord, that’s really, really good. And if everything is so good, why is everything so damn expensive? Because the inflation has not gone anywhere. I can take a look at Salesforce