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Nobel Laureate Paul Krugman claims Fed is unaware of inflation being beaten, due to its focus on flawed price measures

  • Nobel Laureate Paul Krugman believes the Fed does not realize inflation has already been beaten.
  • This is because the Fed is fixated on flawed price measures.
  • Krugman compared the Fed’s chosen inflation gauge to “a one-eyed bearded man with a limp.”
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