Will We See Wage Inflation to Go With Trump Reflation?

The video discusses Chair Yellen's upcoming testimony and the limited expectations from it due to political uncertainties. It highlights Kocherlakota's opinion on the ineffectiveness of non-press conference Fed meetings, describing them as 'dead meetings.' The discussion then shifts to the lack of wage inflation despite low unemployment rates, suggesting that there is still slack in the employment numbers. The video concludes with an analysis of the Federal Reserve's challenges in achieving its inflation and employment goals.

What does the term 'dead meeting' refer to in the context of the Federal Reserve's meetings?

In what ways do employment numbers influence the Federal Reserve's approach to wage inflation?