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Nomura economists say Federal Reserve Chair Warsh's new inflation tracking method lacks predictive power
Economists at Nomura state that the new method Federal Reserve Chair Kevin Warsh uses to gauge underlying inflation does not have better predictive power than core readings. Warsh revealed this method at his pivotal speech at Jackson Hole in August, which involves disaggregating the 199 individual components of the PCE (personal consumption expenditures) price measure.
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