Fed Official Tells Employers to Fight Inflation by Denying Raises – IOTW Report

Fed Official Tells Employers to Fight Inflation by Denying Raises

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A member of the Federal Reserve’s six-member board, Christopher Waller, speaking from Phoenix, Arizona on Wednesday, said that “wage growth” has been contributing to inflation and the solution was for companies to end raises for staff, especially in service sector jobs such as for retail, transportation, and food service workers. More

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