Central bankers live in a parallel universe

Created
Wed, 10/07/2024 - 17:33
Updated
Wed, 10/07/2024 - 17:33
It’s Wednesday, which means a few (sometimes unrelated) items are discussed or analysed. Today, we see that real wages in 16 of the 35 OECD countries are still below the pre-pandemic levels, which tells us among other things that the inflationary pressures were not wage induced. Further, a speech yesterday by the Federal Reserve boss…