Janet Yellen quote

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Janet Yellen
Janet Yellen
Janet Yellen
Born: Aug 13, 1946

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Inflation, Pay, Loathe, Changes, Market, Relative, Argued, Economists, Most, Nominal, Although, Yale, Without, Enable, Occur, Wage, Labor, American, May, Wheels, Little, Cuts, Workers, Requiring, Apparently, Necessary, Grease

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