With trend productivity growth of around 1.5%, wage inflation must fall to 3.5% in order to be consistent with a 2% inflation rate. Respected economic experts such as professor Jason Furman and Richard Fisher, former governor of the Federal Reserve Bank of Dallas, bothOn fiscal stimulus, between the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, Congress invested $1.
25 trillion across the transportation, energy, water resources, and broadband sectors for the next five to 10 years. Much of that money has yet to be disbursed. That money will continue to propel an already strong employment market. On financial stimulus, equity markets are up almost 20% year to date. United States households are enjoyingTo compound the problem of continuing excessive stimulus,