X @Joe Consorti ⚡️

All the Fed has successfully managed since its inception, without interruption, is to inflate monetary assets.Full employment can't be accurately targeted because of increasingly unreliable data, nor can 2% CPI inflation.The metrics by which the Fed steers monetary policy fail to capture both the true state of the labor market and the true rate of price inflation in this country.This will never be fixed, as it's easier to mask the problem by changing the dataset methodology than admitting that you've failed ...