So says the WSJ’s Fed watcher John Hilsenrath in a piece just published. Thanks to our friends at for the heads up
Livesquawk
"Federal Reserve officials have fuzzy views on how wage growth fits in
with their objectives for the economy. They would like to see wages
growing faster. It would give them confidence that the economy is closer
to their dual goals of producing healthy job growth and modestly rising
inflation. But the linkages between wages, jobs and inflation are
unclear, and so they’re not banking on faster wage growth materializing"