Jun
25
Fed’s Bostic to Hear Case for Excluding Housing From Inflation
By-
Paper says home prices make Fed policy look easier than it is
- Advocacy group will present findings to Bostic on Thursday
Federal Reserve Bank of Atlanta President Raphael Bostic will hear the case for excluding housing from measures of consumer prices that the U.S. central bank targets when he meets this week with Fed Up, an advocacy group focused on monetary policy.
The group will present a paper on U.S. housing inflation by Dean Baker, co-founder of the Center for Economic and Policy Research, a Washington think tank. Baker argues in the paper that the widening gap between inflation in the housing sector and the rest of the economy gives central bankers a misleading impression of how tight monetary policy really is…
Fed’s Bostic to Hear Case for Excluding Housing From Inflation
