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The Wealth Effect Created One Third Of Inflation

The Loonie Hour

CHAPTER

The Fed Whisperer Is This Nick Nick Diet

The Wall Street Journal posted some new research from the Fed where they say home price gains over the last two years could have produced a wealth effect for homeowners that drove one third of the increase in the CPI non shelter prices. I'd like to remind everybody about the article that we debated on this podcast a couple weeks ago where we were told that there was absolutely no effect from from these some a lot of these policies. And then you repeat the the name of it again.

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