Wage-price spiral fears to dictate Fedโ€™s policymaking, says UI professor

Anne Villamil

One University of Iowa professor expects the Federal Reserve will raise interest rates and ensure inflation decreases to avoid the devastating impacts of a wage-price spiral. A wage-price spiral is when inflation and high demand causes the price of goods to increase, prompting workers to demand higher wages to offset their loss in purchasing power. [โ€ฆ]

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