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

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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