Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 18, 2022

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Tue Oct 18 16:49:08 +0000 2022

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Paul Krugman @paulkrugman

If you think that these lagged effects will in practice lead to further Fed tightening, well, I hope they're smarter than that 5/ — PolitiTweet.org

Posted Oct. 18, 2022

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Paul Krugman @paulkrugman

If you think the lagged effects of past rent increases, which don't reflect current overheating, are a reason for the Fed to tighten, you've misunderstood the principle, the reason we estimate core in the first place 4/ — PolitiTweet.org

Posted Oct. 18, 2022

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Paul Krugman @paulkrugman

I hope this is true. If so, not that much shelter inflation in the pipeline. But either way, current rent inflation appears to be back to pre pandemic rates — NTRR actually falling, altho prob a blip — so the BLS number isn't an indication of overheating — PolitiTweet.org

@paulkrugman At this point, in levels the CPI for rents appears to be only about 3-4% behind market based rents. Th… https://t.co/sLZ4X4Q8xh

Posted Oct. 18, 2022