However, in order for wage increases to become full-fledged from a macroeconomic perspective, there needs to be a rise in wages of regular employees -- who account for the larger share of total employment -- including wages of regular employees in large firms, whose job mobility is relatively low.
And while many of the areas will require additional work and may not have fast results, the Federal Reserve is committed to getting it right, and I look forward to those efforts. 2/2  BIS central bankers' speeches