And since there isn't a wage-price spiral, we don't need higher interest rates to get inflation under control.

并且，因为不存在工资-物价的螺旋上升，我们就不需要提高利率来控制通货膨胀。

youdao

You now have inflation somewhat out of control, and causing some serious danger of wage-price inflation.

现在通胀有些失控了，正在导致相当严重的工资-价格通胀的危险后果。

youdao

As long as the public believes the Fed will act to control inflation, today's price increases are unlikely to feed tomorrow's wage claims, and a wage-price spiral can be averted.

只要公众相信联储会继续控制通胀，今天的价格增长就不太会引发明天增加工资诉求，工资与价格互涨的情况也不会出现。

youdao

When the government recognizes that all its efforts to control inflation are too tepid and thus futile, it will eventually institute price and wage controls.

FORBES: China: The Battle Against Inflation