Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Tue Feb 14 14:41:28 +0000 2023

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Paul Krugman @paulkrugman

This headline almost gave me a heart attack — CEA chair, while a fine and important job, would be a serious demotion. But Lael is getting the NEC — and Jared Bernstein the CEA. Congrats to both https://t.co/NdPhhoI2l8 — PolitiTweet.org

Posted Feb. 14, 2023

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Paul Krugman @paulkrugman

Underlying inflation is almost surely way down since mid-2022, but probably still running a point or more above the Fed's 2 percent target. The big story is still that disinflation has proved surprisingly easy, but we aren't all the way there yet 3/ — PolitiTweet.org

Posted Feb. 14, 2023

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Paul Krugman @paulkrugman

I look at this measure too. One way to see it: on a 3-month basis, a year ago it was running 5 points above the Fed's target. 2/3 of that excess has now gone away, without any increase in unemployment. But we're not all the way there. — PolitiTweet.org

Imagine you want to look at the very core of CPI inflation in real-time. So you throw out the volatile components… https://t.co/o5qKQZWBhG

Posted Feb. 14, 2023