I am concerned that further movement by the Fed to raise rates in the near term could snuff out the embers of real wage growth before they are even given a chance to catch fire.
Chuck Schumer: “I am concerned that further movement by the Fed to raise rates in the near term could snuff out the embers of real wage…”
Editor's note · Context
Schumer warns against raising interest rates too soon, fearing it could hinder wage growth.
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