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NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward
New York Federal Reserve President John Williams said Friday that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower than it otherwise would have been. “There were some special factors of practical factors that really are related to the fact that they weren’t able to collect date in October and not in the first half of November. And because of that, I think the data were distorted in some of the categories, and that pushed down the CPI reading, probably by a tenth or so,” Williams said on CNBC’s “Squawk Box.” “It’s hard to know, we’ll get some ... (full story)
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The only reason our Unemployment ticked up to 4.5% is because we are reducing the Government Workforce by numbers that have never been seen before. 100% OF OUR NEW JOBS ARE IN THE PRIVATE SECTOR! I could reduce Unemployment to 2% overnight by just hiring people into the Federal Government, even though those Jobs are not necessary. I wish the Fake News would report the 4.5% correctly. What I am doing is the only way to, MAKE AMERICA GREAT AGAIN!
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