Upvoted for the point that how inflation is measured matters a good deal to any discussion of whether fed policies of managing it are good for society as a whol

Upvoted for the point that how inflation is measured matters a good deal to any discussion of whether fed policies of managing it are good for society as a whole. But... a picture of specific problems with the measure the fed uses (PCE, apparently) would be better than vaguely implying it's bad. Apparently it does include housing expenses, medical care, education, and even recreation, so it's not clear it's just "a basket of consumer goods." https://en.wikipedia.org/wiki/Personal_consumption_expenditures_price_index https://en.wikipedia.org/wiki/Personal_consumption_expenditu...