Inflation Rages, Americans Fume, The Fed Fumbles, Three Joes
“Inflation rate drops”, or “Inflation rate remains elevated,” choose your headline to describe a change in America’s inflation rate from 8.5 percent in March to 8.3 percent in April. This change in the number following the decimal point after an 8 is of no policy consequence. It can’t change the important fact that seven-in-ten Americans […]