Home / Market News / In One Chart: Where the Fed’s Clarida is wrong — low unemployment has boosted wages

In One Chart: Where the Fed’s Clarida is wrong — low unemployment has boosted wages

In a speech to the Cato Institute this week, Federal Reserve Vice Chair Richard Clarida made the point that the decline in the unemployment rate hasn’t translated into wage growth. Economists at RBC Capital use a chart to show he’s wrong.

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