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Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
Bank tellers, truck drivers and bartenders are among those in high demand.
In a 30 minute conversation, Chairman Powell discusses tariffs, political pressure on the Fed and wage stagnation.
Analysts say local economies could also benefit from the wage hikes.
He's had more than 100 jobs, but hasn't progressed economically.
Maybe it's time to redefine what it means to be middle class in America
Why haven't wage growth caught up to job growth?