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Matthew Klein examines the current state of U.S. inflation, challenging the prevailing narrative that inflation is slowing.
He highlights factors such as residual seasonality, wage growth, and calculation inconsistencies with car insurance costs, suggesting these elements may be contributing to misleading signals about inflation trends.
Klein previously commented on policy teams tasked with inflation, describing the list as strong in his analysis of balance sheet and inflation task force choices. His recent work continues to assess official approaches and underlying data. The focus remains on identifying potential gaps in inflation measurement.