Inflation

We take our nonpartisan public mission seriously. We do our best to highlight the threats to full employment, what public policy can do to achieve full employment, and the full suite of benefits that can flow from full employment. We'll have more to say in the coming months

Most of the Personal Consumption Expenditures (PCE) inflation gauges are sourced from Consumer Price Index (CPI) data, but Producer Price Index (PPI) input data is of increasing relevance, import price index (IPI) data can prove occasionally relevant. There are also some high-leverage components that only come out on the days

As economic risks shift from inflation toward the labor market, the Federal Reserve has begun the process of normalizing interest rates. While inflation is certainly lower than a year ago, that doesn't mean that inflationary risks are dead, either now or in the future. One stark lesson of

While the Inflation Reduction Act (IRA) has already successfully catalyzed investment, there is still more that it can do. Complementary policies addressing price volatility and supply chain vulnerability, as well as permitting reform and other policies, will be needed.