Good News on Jobs Front, With More Jobs and Wage Increases

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Let us cheer that more Americans are working, but we still have a big inflation problem.

The U.S. Federal Reserve, pictured, has more work to do to drain its balance sheet and bring its Fed funds target rate above the inflation rate.

The U.S. Federal Reserve, pictured, has more work to do to drain its balance sheet and bring its Fed funds target rate above the inflation rate. AP/Pablo Martinez Monsivais

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