ADP Chief Economist Expects Continued Recovery in Job Market

The video discusses the current job market trends, highlighting strong gains in consumer-facing sectors and the impact of the pandemic. It explores market distortions, inflationary pressures, and the role of government support. The discussion also covers the Federal Reserve's actions in the corporate bond market and the implications for market normalization.

What is the significance of wage inflation in the context of the current economic recovery?

Discuss the implications of the Fed's involvement in the corporate bond market during the pandemic.