Dallas' Rosenblum on inflation rate measure

In the speech 'The trimmed mean PCE inflation rate: A fitter, trimmer core measure' given on 10 September Harvey Rosenblum of the Federal Reserve Bank of Dallas said the Federal Reserve should move away from using inflation measures that exclude food and energy as they make the Fed look dislocated from the reality faced by Americans.

Speaking at a meeting of the National Association for Business Economics, Rosenblum argued that the concept of core inflation was in need of revision, particularly

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