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To: Moonman62

“Why does the Fed blame inflation on wage growth?”

They don’t. Inflation is a monetary phenomenon that will drive all prices up, not just wages.


7 posted on 03/11/2015 9:20:04 PM PDT by Pelham (The refusal to deport is defacto amnesty)
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To: Pelham

If one reads the FOMC’s press releases and minutes one would certainly get the impression that they do blame wage growth for inflation. In reality, inflation is caused by currency devaluation, but you’ll never catch the Fed pissing off their Big Government and Big Business overlords by saying it.


10 posted on 03/11/2015 9:28:16 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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