I love Snow in the Winter

Discussion in 'Economics' started by EqtTrdr, Dec 14, 2005.

  1. http://yahoo.reuters.com/financeQuo...tfh57561_2005-12-14_14-00-20_wat004577_newsml

    "US's Snow-inflation in check, wages due to rise
    Wed Dec 14, 2005 09:00 AM ET
    WASHINGTON, Dec 14 (Reuters) - U.S. Treasury Secretary John Snow said on Wednesday that U.S. inflation is in check, that Federal Reserve policies are effective, and that workers' wages are likely to begin rising.

    "Inflation is well in check, the course the Fed is on is the right one," he said in an interview on CNBC television.

    "We're at a tipping point, it seems to me, on wages, where we're going to see labor share of national income rise," he added."