Is The Fed Lying About Inflation? | James Lavish
"They will allow inflation to run hotter than they'll admit to."
James Lavish is co-founder of the Bitcoin Opportunity Fund and author of The Informationist newsletter.
In this episode, we discuss Kevin Warsh's first months as Fed chair and whether the Fed is about to change how it measures inflation. We get into the inflation task force, the trimmed mean PCE, why the 2% target was always arbitrary, and how the balance sheet is quietly expanding through treasury buybacks and QE light.
We also cover credit card delinquencies hitting 2008 levels, the K-shaped economy, whether the Fed is hoping…
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