#federalreserve #youtube #interestrates
The latest consumer price index report from the Bureau of Labor Statistics showed inflation slowed to 5% in March, its lowest level since May 2021. When taken alongside the core index, which strips out fuel and food prices, inflation was up slightly from the month prior. But with unemployment at historic lows, The New York Times columnist Paul Krugman told Yahoo Finance’s Seana Smith and Dave Briggs we’ve reached an ‘immaculate disinflation.’ “We’ve had notable reduction in inflation without a rise in unemployment.” With the Fed still aiming for a 2% target for inflation, Krugman worries that the central bank could push too far in its fight. “It’s quite possible that they might end up having generated a recession we didn’t need.” It’s why he thinks it may be time for Powell to back off, saying “are we sure that we haven’t already won this war?”
Key video moments:
00:00:17 – Krugman on inflation trends
00:00:40 – Whether the Fed will generate a recession
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