Fed's Rosengren Says Four Hikes May Be Needed in 2017

The transcript discusses the need for potential rate hikes due to economic conditions nearing full employment and approaching the 2% inflation target. It highlights the current state of employment, inflation, and interest rates, and provides insights from the FOMC meeting. The discussion also covers trends in inflation and wages, particularly in the construction industry, and examines the impact of labor market tightness on asset prices.

What evidence does the speaker provide regarding wage increases in the construction industry?

What concerns does the speaker express about asset prices in the current economic climate?