The Fed is going to have to rethink its global role: “Stabilising the finances of another country is a foreign policy decision as well as an economic one” by Josh Lipsky.
U.S. Job Market “Pushes Past Shocks and Strains Employers added 172,000 jobs in May, adding to a vigorous pace of hiring in recent months. But wage growth is not keeping up with higher prices and consumers remain pessimistic.”
The labor share in the United States continues to drop to 51 percent
While there are certain measurement issues and special effects that seem to overstate the decline, there is solid evidence for a considerable decrease in the labor share in the United States.
Kevin Warsh’s Job Just Got a Lot More Complicated: “The labor-market rebound is setting in motion a collision between the new Fed chairman, the bond market and the White House” by Nick Timiraos