You Won't Believe the Truth About Inflation - Daily Live 12.19.22 | E284
Bitcoin & Markets
00:00
The Fed Doesn't Control Interest Rates
A ransomware attack last week on Haver analytics, which sends real time economic data out to Wall Street firms. Due to the attack, the analytics firm stopped updating data on Tuesday. The same day the November inflation report rolled out and Fed officials were scheduled to meet on their next policy move. Lee suggests that could have misled officials and cause them to overstate over estimate inflation. Other market commentators have warned of the dangers of the Fed over estimating inflation as that could result in another policy mistake and plunge US into a recession.
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