Thursday, March 28, 2024
Thursday, March 28, 2024
Thursday, March 28, 2024

Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades – and there are now almost two jobs for every person looking for work

»

Published

»

Sign up with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or email us.

Employers should stop giving pay rises to their staff, a member of the Federal Reserve’s board has said, in a bid to help bring down inflation, Your Content has learned.

Christopher Waller, one of six members of the board of the Federal Reserve, on Wednesday addressed the Annual Economic Forecast Luncheon, held in Arizona.

Waller, a governor of the Fed since December 2020, used his speech to emphasize ‘the Federal Reserve’s ongoing fight to reduce inflation’

He urged employers not to give any pay rises, saying that it was pushing up inflation.

‘At any other time, I would be pretty unhappy about slowing growth, but not now,’ Waller said,‘according to FLIPBOARD.

- Advertisement -

Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or e-mail our tip line: [email protected]

Your Content is a publication centered around breaking news, trends, and true crime investigations. Sign up to receive our biggest stories as soon as they’re published.

Ohio High School Principal Resigns Amid Sexual Harassment Investigation

Robert Griffiths, the principal of an Ohio high school, has resigned following allegations of...

Serial Bank Robber Arrested in Metro Atlanta Following Multi-Agency Investigation

Dallas, Georgia, police, in conjunction with other law enforcement agencies, have successfully apprehended a...

Search for Armed Robbery Suspect in Maumelle Dollar General

The Pulaski County Sheriff’s Office is requesting public help in identifying a suspect involved...

Birmingham Police Arrest Man as Investigation into Father’s Disappearance Takes a Dark Turn

BIRMINGHAM, Ala. — The Birmingham Police Department has reported a significant development in a...