Pandemic economy: more jobs, higher wages

We saw a significant increase in jobs over the past month, and an increase in wages alongside it. On the other hand, the housing market is cooling and could be less friendly to first-time homebuyers. Philadelphia economist David Fiorenza digs into the numbers, plus what the Federal Reserve tapering means and how it's tied to inflation and interest rates. He also predicts what President Biden might do with the Federal Reserve Chair position as Jerome Powell nears the end of his term. Finally, we ask whether Republican wins in the New Jersey election could actually lead to tax cuts.

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