Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 15, 2022

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Sun Jan 09 14:35:25 +0000 2022

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Paul Krugman @paulkrugman

In that case you could have headlines shrieking "eek! inflation" while the right read should be that the Fed has successfully engineered a soft landing. 3/ — PolitiTweet.org

Posted Jan. 9, 2022

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Paul Krugman @paulkrugman

Suppose, for example, that core inflation Dec/Dec is 4+% while 4thQ average is 2.5% — which could happen simply because cost of shelter, which is 1/3 of the CPI and is more or less the average rent actually paid, spends most of the year catching up to new-residence rents 2/ — PolitiTweet.org

Posted Jan. 9, 2022

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Paul Krugman @paulkrugman

Obviously if even the three-month inflation rate is still running hot, which might happen, this won't be an issue. But the point is that the data will need a lot of interpreting (and there will be endless arguments about the interpretation) 4/ — PolitiTweet.org

Posted Jan. 9, 2022