Paul Krugman

Paul Krugman @paulkrugman

Calculations of "underlying" inflation are basically about how far we've slid down that green arrow. They aren't irrelevant, because they offer guidance about how much more, if at all, the Fed needs to tighten. But the big debate about inflation dynamics looks largely over 10/ — PolitiTweet.org

Paul Krugman @paulkrugman

Reading the Fed Kremlinology, and I understand why people parse these things carefully. But step back and consider how toned down the debate has become. Just the other day influential economists were insisting that we needed to go through something like this 1/ https://t.co/dRehEq1N7z — PolitiTweet.org