Alan Blinder on Fed Tapering: 'So Far, So Good'

The video discusses the potential impact of the Omicron variant on rate hikes, emphasizing the importance of Central Bank communication. It highlights the absence of a taper tantrum and the market's reaction, particularly focusing on the NASDAQ's performance. The discussion concludes with an analysis of inflation expectations and wage settlements in a tight labor market.

What are the two key indicators the speaker is monitoring regarding inflation?

How does the speaker describe the current state of the labor market?