Krugman Sparks Backlash After Declaring Inflation War Won, Excluding Key Categories
- Krugman declared inflation war won in tweet, sparking backlash
- Critics noted Krugman excluded food, energy, shelter, used cars from measure
- Inflation lower but still far above Fed 2% target
- Blanchard likened Krugman's claim to Bush's "Mission Accomplished" banner
- Fed officials cautious, warn inflation could pick up again