The Fed’s Favorite Inflation Measure Has Some Large Holes

There are strong reasons to think we can have stable prices and low unemployment.

by

TAP depends on your support

We’ve said it before: The greatest threat to democracy from the media isn’t disinformation, it’s the paywall. When you support The American Prospect, you’re supporting fellow readers who aren’t able to give, and countering the class system for information. Please, become a member, or make a one-time donation, today. Thank you!