Posted 2/29/2024, 7:13:00 PM
Fed Stuck with Greenspan-Era Inflation Measure, Unclear on Rate Cut Timing As Economy Rebounds
- Fed's preferred inflation gauge, Personal Consumption Expenditures (PCE), rose in January
- PCE has reputation from Greenspan era review in 1990s as a broad inflation measure
- Former St. Louis Fed president Bullard says Fed is "stuck" with PCE from Greenspan era
- Bullard says as inflation falls, Fed will have to lower rates but unclear on exact timing
- Article speculates on when Fed will start cutting rates as economy rebounds somewhat
