Why Trimmed-Mean US Inflation May Trim a Bit Too Much for the Fed
Fed nominee Kevin Warsh has praised “trimmed mean” inflation.
This article is for subscribers only.
I’m Chris Anstey, a senior economics editor in Boston, and today we’re taking another look at an inflation metric favored by the (likely) incoming Federal Reserve chair. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Fred’s Barber Shop was my go-to place for haircuts as a junior high school student. On one occasion, when a little too much got chopped off, my classmates — with great delight — manufactured an explanation: “Fred must have been experimenting with new equipment.”