Carola Binder

If you have a lot of different inflation measures, they're all a little bit noisy.

If you have a lot of different inflation measures, they're all a little bit noisy.

You're looking for that trend that they're all sharing, and that's going to give you a better idea of what that kind of true underlying inflation is doing.

You're looking for that trend that they're all sharing, and that's going to give you a better idea of what that kind of true underlying inflation is doing.

You kind of think, well, we know what's going on in the economy right now.

You kind of think, well, we know what's going on in the economy right now.

The hard thing is predicting the future.

The hard thing is predicting the future.

But it's actually hard to know what's going on right now.

But it's actually hard to know what's going on right now.