Natural Rate, 12mo Trimmed Mean PCE, LT Trend Of Real US Private GDP

“Davidson” submits:

There is much fear of inflation rising with some claiming it is beginning to soar. The 12mo Trimmed Mean PCE from the Dallas Fed is quite tame and has been so for some time. No inflation is good in my opinion and the Fed’s talk that 2% is healthy is a major misperception. Better to be 0.0% inflation which would require government spending to be greatly reduced. There is little evidence that government taxation and spending has had positive economic impact. It is usually inflationary and always hurts savers.