Stuart Paul
👤 SpeakerAppearances Over Time
Podcast Appearances
Today's data point should not be the largest reason of concern.
Instead, take today's data with a little bit of grain of salt and just focus on the trend, which is just hot inflation and policies that push prices up.
Today's data point should not be the largest reason of concern.
Instead, take today's data with a little bit of grain of salt and just focus on the trend, which is just hot inflation and policies that push prices up.
During the government shutdown, data were not collected for rents and owner's equivalents of rents.
And the thing to keep in mind is that housing is sampled every six months.
The sample rotates on a monthly basis, so you only have points of comparison every six months.
So the reading today is measuring against a base of basically zero inflation last October.
And that's why we got this pop in shelter inflation.
You certainly ask interesting questions.
Today's data point should not be the largest reason of concern.
Instead, take today's data with a little bit of grain of salt and just focus on the trend, which is just hot inflation and policies that push prices up.
You certainly ask interesting questions.
During the government shutdown, data were not collected for rents and owner's equivalents of rents.
And the thing to keep in mind is that housing is sampled every six months.
The sample rotates on a monthly basis, so you only have points of comparison every six months.
So the reading today is measuring against a base of basically zero inflation last October.
And that's why we got this pop in shelter inflation.
kevin warsh uh focused entirely on the fed's monetary independence that's to say that the fed is responsible for any inflation that occurs in the economy and so needs to set interest rate policy accordingly but he specified that the fed is responsible to both the executive branch and the congress
in any additional responsibilities that it takes on, including bank regulation and any other attention that it gives to issues basically beyond setting monetary policy.