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Danielle DiMartino Booth, CEO / Founder at Quill Intelligence, raises questions about the role of wage inflation in monetary policymaking as wage levels have returned to pre-pandemic trends.
Booth asks whether the size of a worker's paycheck influences their ability to purchase goods and services, and if these considerations should impact policy decisions.
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Earlier, Booth noted that U.S. inflation remains elevated while unit sales have fallen. She also highlighted in a separate commentary that productivity growth remains strong and trimmed-mean PCE inflation is holding at 2 percent. Booth has previously cautioned that additional Fed rate hikes could negatively impact workers.