Must-Read: This time series since 2008 is not what would be produced by a central bank with a symmetric target of 2%/year for core PCE inflation: I see nothing in the data to suggest that 2% will be reached if the Federal Reserve does not reverse its tightening cycle as ill-judged. That is all. Jared … Continue reading Must-Read: Jared Bernstein: Inflation?! We ain’t got no stinkin’ inflation