Move up and put some pressure on margins. In a long expansion, thats been happening late in the expansion. Thats not a problem either. The problem is if it happens in a way that pushes firms broadly into raising prices. It was called the wage price spiral. We dont see that now. This is something that was a feature of the high inflationary era of the great inflation, but its not a feature now, and we dont see that now. Of course, well be watching it. And this is one of the reasons why were watching so carefully, to see whether people do come back in and accept jobs. Given the very large number of job openings and the very large number of unemployed people, wed like to see some matching going on there so people get back to work. We think Labor Supply would be a healthy thing. But wages moving up across the spectrum consistent with Inflation And Productivity is a good thing. Thank you, chair powell, and thank you all for coming. Thank cspan is your unfild view of government provided by th
Treasury Secretary Yellen joined the meeting. We are a little early today. I apologize for that good afternoon, happy jobs day. Today im honored to have secretary of the Treasury Janet yell ben join me here. Shes the first person in history to have led the white house down soifl economic advisor, the federal reserve, and the treasury department. Her scholarship has focused on a range of issues and her work on efficiency wages with her husband shows that firms that offer better pay and working conditions tend to be rewarded with higher morale, redeuced turnover and greater productivity. In 1994, President Bill clinton appointed dr. Yellen to the tall Reserve Board of governors. Three years later he named her chair to the white house down soifl economic advisors. In 2004, Secretary Yellen began her third tenure at the federal reserve this tim as president of the federal Reserve Bank of san francisco. From that post she spotted a worrying economic trend, a bubble in home values, when the
outdated information, hours after a major study concluded the jab was safe and highly effective. also in the programme. the anniversary of the first uk wide lockdown in which trains emptied, classrooms shut down and life changed quicker and more dramatically than we could have ever imagined. plus don t do a me and delete your twitter, it turns out those brief musings can be rather valuable after all. we ll explain. i m laura trevelyan in new york city, christian fraser is in london. for a year, the grim ritual of the mass shooting here in america was on pause as we were locked down for a different reason. gun crime has gone up in the pandemic but the mass shootings were down. but now as we start to return to some form of normal life there have two mass shootings a week. first came the spa murders in atlanta, now ten people have been killed at a grocery store in colorado. the oldest victim was sixty five the youngest was only 20. a suspect is in custody, the mo
the freeman foundation. by judy and peter pursuing solutions for america s neglecteneeds. and by contributions to this pbs station om viewers like you. thank you. wcome to outside source. more than 40 nations have been banne in the u.k. because of the new variant of coronavirus. boris johnson is saying more supplies are getting through. the vast majority of supplies are coming and going as normal. the new variant detected in the u.k. has beenn found gibraltar, denmark, and australia. the more wellow it to spread, the more opportunity it s to change. great britain leaves the e.u. single market in 10 days. it rejected callsor an extension of the brexit transition period. a warm welco to those watching of the u.k. on the bbc news channe, watching onbs in america. the u.k. finds itself increasingly isolated after admitting a new strain t covid-19 is control. tl most all of eur has banned flights f u.k. with the european union set to announce a unified plan on tues
evidence russians just pulled off the most sophisticated and largest hack of u.s. government agencies ever. what they may have taken and how. cooling-off. the red hot airbnb and doordash ipo stock prices of last week falling off, as analysts assess their value. we will talk to ron conway of sb angel, also an early backer of both companies. the first u.s. stocks fell for a fourth day as investors wait for a stimulus to become a reality. that mixed with the likelihood of a second new york city shutdown painted a bleak picture. give us a roundup. earlier in the day, there was a very bullish tone and optimistic tone may be set last week by those ipo s you are talking about. by the end of the day, both of those stocks falling. a bit of a pull back on friday as well. airbnb up more than 100%. aboutp 500 on the open 0.9% on the open up 0.9%. there is no stimulus passed. probably the bigger news, governor cuomo saying that new york city could be shut down within a month. that bri