31. I am not inclined to go along with that because some wage pressures from the tight labor market are already noticeable. 32. If productivity growth is slowing, and it may be, Matheny said, that would create inflationary wage pressures. 33. In addition, the jobs data showed that there was only a tiny increase in wage pressures last month, another sign that inflation remains in check. 34. In an appearance earlier this month before the congressional Joint Economic Committee, Greenspan raised concerns about wage pressures. 35. In remarks reported Monday, Broaddus pointed to tentative signs of wage pressures and the possibility of a second-half slowdown. 36. In the current tight labor markets, signs of wage pressures and shortages of skilled workers are already beginning to appear in the Midwest. 37. In order to work toward a soft landing, however, the Federal Reserve Board generally uses interest rate hikes to stave off wage pressures and inflation. 38. In previous remarks, Greenspan had warned that rising wage pressures could aggravate inflation and hurt the economy. 39. Indeed, wage pressures seem well in check. 40. Labor markets continue to be tight, though wage pressures remained largely in check. |