Inflation as a relative metric may have been tamed

Inflation as a relative metric may have been tamed
by El Kabong (2024-02-26 19:16:14)

In reply to: What exactly has Biden done to disgust you? posted by vermin05

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Let me know when prices are going to go back down to the original 2% a year graph line, because they ain't close right now.

Replies:

Going back to 2% just means that price increases have slowed - EricCartman 2024-02-27 09:15:46
- I think you have misread ElK - ufl 2024-02-27 14:15:15
  - That is indeed what I meant * - El Kabong 2024-02-27 15:38:45
    - It does go both way though - DBCooper 2024-02-27 16:31:38
That’s not the defined policy goal - ufl 2024-02-27 06:22:31
- FWIW, the Fed's website includes an FAQ on the 2% target. - EricCartman 2024-02-27 09:03:28
  - Yes. They toyed with this when they spent - ufl 2024-02-27 09:17:38
Inflation is not a measure of where prices are now to where - enduff 2024-02-26 21:30:23
They were 1.4% off that 2% in 2023 - sprack 2024-02-26 21:19:19
- Biden renominated Powell. - EricCartman 2024-02-26 21:42:24
  - Who was first nominated by Trump * - sprack 2024-02-27 11:43:14
    - Strange reply. - EricCartman 2024-02-27 12:01:24
      - Inflation was worldwide - sprack 2024-02-27 16:12:39
      - July of 2020, CPI was 1% - DBCooper 2024-02-27 12:15:51
        My issue is more of that comment was tone deaf. - EricCartman 2024-02-27 14:18:04
        Not sure how you fill out the scorecard * - ufl 2024-02-27 15:31:40
  - I dont think it would have mattered. - DBCooper 2024-02-27 10:55:30
To get absolute price reductions - AquinasDomer 2024-02-26 21:03:16
It’s not that far off, but we will see on Thursday - DBCooper 2024-02-26 19:57:52