This is not a rational system, despite all the data, though I’m beginning to suspect it was never designed to be. How is inflation measured? Well the Fed pays people to walk around grocery stores and write down the prices. Should gas, that thing that – excuse the pun – drives the economy by getting people to work, figure in at all? Maybe if the cost of gas were less volatile.

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• Source: https://www.coindesk.com/consensus-magazine/2023/08/25/jackson-hole-where-fed-policy-is-decided-on-the-fly/?utm_medium=referral&utm_source=rss&utm_campaign=headlines