Labor & Economic News Blog
Monday, October 23, 2006
By one measure, inflation's higher than we think
By one measure, inflation's higher than we thinkBy Scott Burns
An unassuming research economist at the Dallas Federal Reserve Bank may influence decisions that will affect all of us in the next few months. A better measure of inflation that he has created indicates inflation is closer to 3 percent than the 2 percent rate sought by our central bank.
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