🚨 JAMES E. THORNE: REAL-TIME DATA EXPOSES THE FED’S POLICY MISTAKE
The FOMC meets today. Powell is unlikely to cut rates, but economist James E. Thorne argues the Fed is stuck reacting to lagging data.
Thorne:
“Powell’s Fed is incompetent.
Where are the ‘inflation is permanent’ Wall Street voices now?
Where is the tariff inflation?
The FFR should be 2.75% right now.”
With key BLS and BEA inflation and labor data delayed or incomplete, the Fed should be weighing real-time price data more heavily.
According to Truflation, inflation cooled sharply in January ; led by housing and several other categories.
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