reply on: US CPI has been above Fed's 2% target for 53 months in a row

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57 sats \ 2 replies \ @Scoresby OP 20 Aug \ parent \ on: US CPI has been above Fed's 2% target for 53 months in a row - Michael Brown econ

People complain about CPI being bad, but unemployment numbers seem to be even worse (in the sense that they are inaccurate). Don't you just love that we make decisions about monetary policy based on made up numbers and the feels?

15 sats \ 0 replies \ @Daedalus 20 Aug

All by design.

0 sats \ 0 replies \ @Undisciplined 20 Aug

I’ve never thought about which metric is worse. Both are misleading (don’t measure what people think they do), conceptually flawed, and measured poorly.