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Inflation just printed a 4 in front of it for the first time in over two years. And before the ink was dry on the report, the new man running the Federal Reserve floated an idea that should make every American sit up straight: maybe it’s time to change how we measure inflation altogether.
Read that again.
Prices are accelerating. The official number is the worst since the spring of 2023. And the response from the institution charged with price stability isn’t “we have a problem.” It’s “we might need a new yardstick.”
Here’s the question worth sitting with before the data even gets unpacked. When a referee is losing the game he’s officiating, and he suddenly announces he’d like to rewrite the rulebook mid-match, which direction do you suppose those new rules are going to bend? Toward the truth? Or toward a scoreline he can live with?
