Wages need to rise faster says Fed chair

Wages need to rise faster says Fed chair

Janet Yellen wants to see greater increases in wages, to put money back into the pockets of Americans and fuel consumer spending. However, policymakers are concerned that this will trigger rising inflation so Ms. Yellen may have a battle on her hands. She believes that there is more slack in the economy and that the link between a healthy jobs market and growing wages is a policy she wants to pursue, but the inflation watchers are already concerned about the rate and are not keen to support policies that may make that worse. Read the full story.