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of Labor Statistics projects that four of the ten fastest-growing Whether these dynamics could ultimately impact overall
occupations over the next decade will be in healthcare, largely employment and inflation remains uncertain, but I believe the
driven by this demographic shift potential is certainly there.

Price Stability – Part 2 of 2 of the Chris Dahlgren is a senior financial strategist at The

Federal Reserve’s Dual Mandate Baker Group. He joined the firm in 2023 after spending
time at two other broker dealers and as an examiner with
The Fed’s second mandate is to maintain stable prices, which the National Credit Union Administration. Dahlgren
includes controlling inflation. While inflation remains relatively holds a master’s degree in security analysis and portfolio
steady as of 2024, workforce transitions could influence it in management from Creighton University, and dual
the long run. As Boomers retire and jobs are backfilled, wages bachelor’s degrees in finance and applied management
for replacement workers may rise, potentially increasing wage analysis from Le Moyne College. He works with clients on
inflation. Additionally, potential labor shortages, especially in balance sheet strategies, loan participations, subordinated
skilled positions, could further elevate wages due to supply debt, mergers, interest rate risk management, and
constraints. regulatory issues. Contact: 405-415-7356, CDahlgren@
GoBaker.com.
This wage inflation might contribute to broader inflationary
pressures on goods and services, as higher wages can drive up
production costs across sectors.

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