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Kaplan, Robert S. on 2018 February 7 at 06:00

We're facing wage pressures right now in the United States because of a tight labor market… I am less convinced that this will necessarily translate into higher prices because businesses have much less pricing power.

"We're facing wage pressures right now in the United States because of a tight labor market," Kaplan, a dove and a non-voting member of the Fed's policy committee, told an audience in Frankfurt. "I am less convinced that this will necessarily translate into higher prices because businesses have much less pricing power," he added. Kaplan, Robert S.

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