Ed Elson

And we were having this debate in our episode yesterday about why that is.

Maybe it's because...

We've kind of seen the strength of the Fed in Jerome Powell's video.

Maybe it means that the Fed truly is independent.

Maybe because the investigation isn't that serious.

Maybe because the markets just don't seem to care anymore.

It's some sort of taco effect.

But does it genuinely worry you from an inflation perspective?

Do you think that realistically this will actually lead

to worse inflation, given what has happened in the past 48 hours?

All right.

Mark Zandi, Chief Economist at Moody's Analytics.

Mark, always love having you.

Thank you.

Take care now.

Another month, another inflation report, and for the second time, the numbers are wrong.

Now, if you listen to the show a lot, you know that I hate when people make this argument.

When the data comes out and someone on the left or the right says, no, no, you can't trust the number.

The number's wrong because the people who report those numbers, the people at the BLS, they're lying.

I hate this argument because it is a lazy argument, and it's almost never true.