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- Pleased the BLS number is well behaved
- there is no evidence of tariff inflation
- There will always be an outlier in the data
- Thus far there is no evidence of tariff inflation. Only see relative price changes.
- US cars and airfares were some of the big contributors and they aren’t impacted from tariffs
- How much of the inflation is from illegal immigrants. Suggested the contributions from illegal immigrants to increases in rents
- Possibility of disinflation in services as policy tackles immigration.
- We generally don’t get revised data from the CPI.
- We can think about incentive schemes to increase response rates.
- When asked if he expected to be on the Fed Board by September, said that it is up to the Senate on the timing.
- I cannot comment on current Fed policy at the moment.
- The more Inflexible party bears the burden of the tariffs/taxes
Fed nominee Miran on CNBC: Pleased the BLS number is well behaved
