Troubled Housing Market Demands a Different Way to Measure Inflation

Washington, DC —(ENEWSPF)—June 26, 2018

Contact: Karen Conner 

Using the wrong measure of inflation could result in the Federal Reserve Board (Fed) raising interest rates prematurely, needlessly keeping people out of work and undermining the intention of its 2.0 percent average inflation target. That warning, as well as a solution, is contained in the Center for Economic and Policy Research’s (CEPR) new report, Measuring the Inflation Rate: Is Housing Different?

The Fed has…