Fed's George Says Examining Structural Forces Affecting Wages

The transcript discusses key economic indicators like the headline deflator and core inflation, both around 2%, which the Federal Reserve considers for rate hikes. It highlights the importance of wage trends in inflation dynamics, questioning whether slow wage growth is due to structural or cyclical factors. The potential impact of trade wars and import prices on inflation is also examined, along with the persistence of price pressures. The discussion aims to understand these economic forces better, especially in the context of the current economic cycle.

How might trade wars influence inflation and wage dynamics?

What is the significance of broad-based price pressures in the context of inflation?