Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Public Enemy Number One is Not Russia – Its Apathy | Main | Gold/Silver Price Ratio: An Epic Opportunity in Silver »

Fed Chair Powell: No evidence of 'decisive' move up in wages

  • Federal Reserve Chairman Jerome Powell said Thursday that there are no "decisive" signs of wage inflation yet and more gains can come before inflation kicks in.
  • Powell spoke before the Senate Finance Committee in the second part of his "Humphrey Hawkins" testimony on the state of the economy and policy.

Federal Reserve Chairman Jerome Powell said Thursday that there are no "decisive" signs of wage inflation yet.

Speaking in testimony before the Senate Banking Committee, the central bank head also said more gains can come in the labor market without causing harmful levels of inflation.

The remarks are significant in that during Powell's remarks two days ago before the House Financial Services Committee were interpreted as being more concerned about inflation, leading the Fed to a more aggressive path in interest rate hikes.

"We don't see any strong evidence yet of a decisive move up in wages. We see wages by a couple of measures trending up a little bit, but most of them continuing to grow at two and a half percent," he said. "Nothing is suggesting to me that wage inflation is at a point of accelerating. I would expect that some continued strengthening in the labor market can take place without causing inflation."


The PMs continue to get sold off, when this turns it will be just fast going back up....

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.





Winners of the GoldDrivers Stock Picking Competition 2007 



 Follow us on TWITTER @goldprices



PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>