Fed official: Inflation strips dignity from workers
Fed official: Inflation strips dignity from workers
Mary Daly sees the Federal Reserve’s battle with inflation as a fight to reverse a “stunning” trend: Real wages – that’s pay after inflation – tumbled 9% over two years.
To the CEO and president of the Federal Reserve Bank of San Francisco, the central bank’s job of chilling 40-year high inflation is more than simply fulfilling a bureaucratic mandate to juggle high employment with a manageable…
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