3 ms·
The Fed downplays inflation, using CPI to lie with statistics.
by throwkeep 5y ago
The Fed downplays inflation, using CPI to lie with statistics.
- throw0101a 5y agoIt's actually the BLS that published the CPI numbers that the Fed uses: * https://en.wikipedia.org/wiki/United_States_Consumer_Price_Index https://en.wikipedia.org/wiki/United_States_Consumer_Price_I... And if you don't believe the BLS's basket of goods, you can confirm it for yourself: * https://en.wikipedia.org/wiki/MIT_Billion_Prices_project https://en.wikipedia.org/wiki/MIT_Billion_Prices_project Past studies have generally shown the official numbers to be pretty good.