National ReviewRight·
Warsh Dropped the Wage Gauge. Now He Should Fix the Model Behind It
The Fed’s cost gauge cannot tell the difference between a raise that comes out of profits and one that comes out of production.
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Opinion · 1 sources covering this
Warsh Dropped the Wage Gauge. Now He Should Fix the Model Behind It
The Fed’s cost gauge cannot tell the difference between a raise that comes out of profits and one that comes out of production.
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