As Construction Industry Shrinks, Goldman Challenges FedMark Melin
Goldman Sachs' Hui Shan has taken up a different angle on a point that his team leader, Jan Hatzius, has previously stated is a reason not to pull interest rates higher from the mystical zero level: workers. As previously reported in ValueWalk, Hatzius has accurately noted that hourly wages remain low and thus nudging interest ever so slightly off the odd zero level means that the Fed should wait until . . .
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