Warsh’s Concerning Interest in Redefining “Inflation”
5 Articles
5 Articles
Warsh’s Concerning Interest in Redefining “Inflation”
Although it's true that many government-driven price hikes in recent years aren’t “inflation” in the strict sense, the pain they cause is just as real. Warsh’s push to narrow what the Fed counts as inflation—so it can justify even more inflation—is alarming.
The new Fed chairman wants to review the US central bank's strategy and is questioning the inflation measure. Among his advisors is Paul Winfree, who formulated radical goals in a manifesto – goals that would effectively lead to the Fed's abolition.
Kevin Warsh announces fundamental changes, for example, he plans to consider other measures of inflation and reduce the balance sheet total, while preserving the independence of the Central Bank against political pressure.
Kevin Warsh who is the new part of the EDF wants the US central bank to consider inflation differently title the Wall Street Journal (source here)... which means whether it correctly translates the new governor's thinking, "calculate" inflation differently, or opt for a more favourable method of calculation. The [...]
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
