Solid Hiring Without Wage Jump Tests Fed Hopes for Inflation

Updated on
  • ‘Nobody understands the inflation process,’ Slok Says
  • August jobs report to sharpen rate-hike debate inside Fed

U.S. Adds 151,000 Jobs in August, Jobless Rate at 4.9%

It took more than a decade for Paul Volcker and Alan Greenspan to wring persistently high inflation from the U.S. economy. Federal Reserve officials now may need at least half that time to bring too-low inflation back to their target.

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