Inside the Consumer Price Index: November 2023
Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has been trying to increase inflation, operating at the macro level. More recently, in August of 2020, Fed Chairman Jerome Powell introduced a policy that not only allows for a level above 2% but welcomes it. But what does inflation mean at the micro level — specifically to your household?
Source: https://etfdb.com/commodities-channel/inside-the-cpi-november-2023/
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