Jerome Powell said...

I think wages are set in the marketplace between workers and companies, and they are affected by a range of factors.

Wages are influenced by market dynamics, not just fiscal policy changes.

07/16/2018

More Jerome Powell Quotes

We’re beginning to see some effects. We expect to see more.

We're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like it...

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

What's tended to happen is when there's turmoil in the Middle East, you may see a spike in energy prices.