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Summers: Inflation Reached 18% In 2022 Using The Government s Previous Formula

Summers: Inflation Reached 18% In 2022 Using The Government s Previous Formula
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

United statesJackson mejiaJon hartleyJudd cramerBalaji srinivasanRobert gillinghamFederal reserveUniversity of michigan index consumer sentimentBureau of labor statisticsUs bureau of labor statisticsInternational monetary fundFoundation for research on equal opportunityPresident bidenTreasury secretary larry summersConsumer price indexAll urban consumers

Where money isn t cheap, misery follows — Harvard Gazette

Where money isn t cheap, misery follows — Harvard Gazette
harvard.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harvard.edu Daily Mail and Mail on Sunday newspapers.

Kennedy schoolUnited statesLawrence summersJudd cramerKarl oskar schulzPaul tuckerCharlesw eliot university professorKennedy school mossavar rahmani centerInternational monetary fund marijna bolhuisUniversity of michiganSecretary lawrenceMoney is partInternational monetary fundUniversity professorDenie weil directorMossavar rahmani center

The $25B Kroger-Albertsons Merger Is Going to Fail

The Federal Trade Commission sued to block the supermarket chain Kroger from buying Albertsons. Does this deal have a chance? Not really.

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Why Consumers Are So Glum About An Economy Where Inflation is Down and Jobs Are Plentiful

Official measures of inflation are missing a major part of the cost of living and its absence may explain why people feel so glum about the economy at a time of plentiful jobs and cooling inflation.

United statesLawrence summersJudd cramerKarl oskar schulzUniversity of michiganFederal reserveFederal reserve bankHarvard universityInternational monetary fundConsumer price indexConsumer priceMarijn bolhuis

The Fed s inflation-fighting policy is why American consumers are so down on the economy, according to Larry Summers

If we still measured inflation the way we did in 1980, today’s inflation rate would be 8%, Summers calculates.

United statesKarl oskar schulzMatt stollerJudd cramerNational bureau of economic researchInternational monetary fund marijn bolhuisUniversity of michiganFederal reserveGreat recessionConference boardTreasury secretary larry summersInternational monetary fundMarijn bolhuisNational bureauEconomic researchConsumer price index