What's Inflation? The Fed's Answer Is The One That Counts

8 months ago
9

If you were asked: "what's inflation?" it's likely that you might give a couple of different answers. On the one hand, you might say: "It's when prices rise." Or, on the other hand, you may respond: "It's when things cost more." Both answers would be correct. But there's a mile's worth of difference between the two.

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