TS Lombard's Blitz on Fed Policy Outlook

The video discusses the Federal Reserve's potential tapering plans, analyzing the timing and necessity of such actions. It examines the Fed's current monetary policy stance, the economic outlook, and labor market expectations. The discussion highlights the Fed's belief that inflation is transitory and explores the potential for wage hikes and job recovery. The video concludes with an analysis of the labor market's progress and challenges, noting that while substantial progress has been made, some jobs may never return.

In what ways does the speaker suggest the labor market has changed since the pandemic?

What does the speaker mean by 'generalized wage hikes' and why are they expected?