White House's Navarro on CPI, Tariffs and Labor Data
Bloomberg Televisionยท2025-08-12 21:57
I want to start with you on CPI today, the big day for data. First, are you buying these numbers because these are from BLS. Yes, I'm buying the numbers and I want to amplify a little bit.Would Romain said this wasn't a bad report or just an okay report is a very good report. Let me explain the quirk. The CPI came in at 2.7%, which seems significantly above target.But in fact, the Federal Reserve uses another gauge called the Personal Consumption Expenditures Index. We love the piece. That one runs to 2.2%, ...