Macro Lit Review 4: Highlights from Mid-2023 with George Selgin
Macro Musings with David Beckworth
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The Fed's Responsibility for Inflation
Headline CPI fell to 3%. Core CPI hit a peak of 5.9 last year and now it's down to 4.8%. So some big declines with no or little change in unemployment. We've had a lot of supply side activity that's been a big part of the inflation story. But I would only say so on the basis of N GDP numbers, not any of these headline or other measures of inflation.
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