- Treasury Secretary Steven Mnuchin said a the recent uptick in wage growth data doesn't necessarily mean inflation is coming.
- Mnuchin's comments come after recent stock market volatility, fueled in part by inflation concerns.
- The insistence that wages can rise without a coincidental inflation increase runs counter to basic economic theory, though there are some exceptions.
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Steven Mnuchin had a curious reason for why people shouldn't be worried about the economy under Trump
Treasury Secretary Steven Mnuchin told Bloomberg that people shouldn't be worried about wage increases because that doesn't mean inflation will follow.
Treasury Secretary Steven Mnuchin on Thursday said people should be excited about wage growth for Americans workers and stop worrying so much about inflation.
In an interview with Bloomberg, Mnuchin said recent data showing a boost in wages for workers shouldn't make investors concerned about an uptick in inflation.
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