“To summarize: government programs to support housing have depressed rental prices, which is making core inflation artificially low. And since the Fed uses core CPI as one of its primary inflation gauges, Bianco says the central bank is lulling itself into a false sense of security about inflation.” Read more.
“The Fed Is All Wrong About Inflation, Jim Bianco Says”
Aaron Task
Tech Ticker, April 21, 2010.
Image by jscreationzs / FreeDigitalPhotos.net.
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