Kocherlakota Says Fed Can Do More to Stimulate Demand

The video discusses the Federal Reserve's focus on monitoring the PCE and PPI to understand consumer prices and economic health. Concerns about economic weaknesses are highlighted, with a focus on job numbers and wage pressures. The labor market's state is analyzed, particularly the low jobless claims and their implications. Workforce participation and wage trends are examined, emphasizing the Prime Age group's growth. The video concludes with a discussion on the appropriate metrics for assessing economic growth, suggesting a focus on employment to population ratios.

What is the speaker's perspective on wage pressures and their impact on inflation?

What metrics does the speaker suggest should be monitored to assess the labor market?