Pantheon Chief Economist Worries Wages May Pressure Fed

The video discusses the current state of wage growth, its implications for inflation, and the challenges faced by the Federal Reserve in balancing economic growth with inflation control. It highlights the low productivity growth in recent years and its impact on wage growth tolerance. The discussion also touches on the potential for future productivity improvements and capital expenditure cycles, which could influence economic conditions in the coming years.

Discuss the relationship between productivity growth and wage growth as described in the text.

What are the potential future trends in wage growth and productivity according to the speaker?