the best thing any one of us can do to increase employment, raise wages, improve our supply chains, and reduce inflation is to get vaccinated, to wear masks, and follow the medical guidance to prevent the spread of COVID-19.
Powell emphasizes vaccination and health measures to boost the economy and reduce inflation.
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As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Tariffs this year are likely to push up prices and weigh on economic activity.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
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