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Powell congressional Q&A has begun...is the.....>

FED
FED: Powell congressional Q&A has begun...is the economy at full employment? Why
such slow wage growth?
- A: U.S. can run at much lower level of unemployment that many
thought...inflation is kind of moving sideways; wages moving up but not as fast
a clip as you might expect. No signal of overheating. We'd like to see the
labour market continue strong...Might have expected wages to move up more this
late in the expansion...many explanations as to why not - slack in labour
market; low productivity growth; neutral rate of interest is lower than we have
been thinking so policy is less accommodative we have thought.

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