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Surge in hiring by small business complicates Fed’s effort to cool economy

wsj

5 min read . Updated: 25 Jan 2023, 07:16 PM IST Dion Rabouin, The Wall Street Journal

Small businesses, meanwhile, have continued a mad dash for workers. Many have said they are having to raise wages to lure potential employees (Photo: AP) — Small businesses, meanwhile, have continued a mad dash for workers. Many have said they are having to raise wages to lure potential employees (Photo: AP)

Central bankers point to labor market as a primary driver of high inflation

A surge in hiring by American small businesses could run afoul of the Federal Reserve’s efforts to cool inflation.

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