The Federal Reserve is peddling ‘Tinker Bell economics’

Was last week’s 0.4% increase in the consumer price index (CPI) for August enough to convince a wary Federal Reserve that inflation is finally on track to hit 2%? I doubt it. The big contributors to the increase in the CPI last month were gasoline (+6.3%), a knee-jerk reaction to expected damage ...

The Federal Reserve is peddling ‘Tinker Bell economics’