Conference Board's Dana Peterson: Labor Shortages Are Here to Stay

The video discusses the Federal Reserve's data-driven approach to interest rate decisions, focusing on inflation and economic indicators. It explores the impact of interest rate hikes on the economy, particularly GDP, and examines the strength of the labor market. The discussion highlights labor shortages due to demographic shifts and strict immigration policies. The potential for a wage-price spiral is considered, along with the Fed's efforts to control inflation. The housing market's role in inflation and its challenges to the Fed's plans are also analyzed.

What factors does the Fed consider when determining interest rate changes?

How does the current labor market situation reflect on wage trends?

What challenges are companies facing in hiring post-pandemic?

What demographic trends are contributing to labor shortages?

What is the potential impact of inflation on wage growth?

How does the Fed's monetary policy have a lagged effect?

In what ways does housing affect inflation rates?