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Dave Collum: Fed supporting 3.4% inflation is misguided

Dave Collum: Fed supporting 3.4% inflation is misguided
Fed criticized for 3.4 percent inflation

Dave Collum, professor / financial commentator at Cornell University (Emeritus), questions the Federal Reserve's tolerance for a 3.4 percent inflation rate.

Collum suggests the Fed is either underestimating true inflation or being disingenuous, and criticizes the official figures as likely understated.

Collum has previously highlighted a shift in economist Lacy Hunt's outlook as Hunt moved to a prediction of rising inflation. In another recent critique, Collum called out what he sees as inconsistencies around the Federal Reserve's rationale for lower interest rates following earlier criticism of extended low rates by investors. Both comments reflect Collum's ongoing scrutiny of Fed policy and inflation measurement.

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