Here's your summary from Blanchard Says Fed May Need a Tighter Labor Market (https://www.youtube.com/watch?v=EIx0NHAa6tY) on the Bloomberg Television channel:

**TLDR:** Blanchard discusses the need for the Fed to potentially tighten the labor market due to wage inflation and productivity growth.

1. Blanchard emphasizes the importance of productivity growth in relation to wage inflation and price inflation.

2. He acknowledges the role of inflation expectations in anchoring inflation rates.

3. Blanchard discusses the differing economic situations in the US, Europe, China, and Japan, highlighting the need for varying monetary policies in each region.

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