Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5%

[Person Man]

inflation's just a bogeyman, guys.

At this point in History, I definitely agree with you. Inflation is at 1.8% and yet, you would think its 8.1% the way Republicans are whining about the debt ceiling and the deficit. Never has such a non-issue become such a big thing. I would be very happy with inflation being a little less than two points higher if unemployment was a little more than two points lower.

3.6% CPI and 5.4% Unemployment ...perhaps 3.1% GDP per Quarter growth (just a little faster and more consistent than now)  would actually be a temperate economic environment.

[Person Man]

I agree that unemployment is a bigger problem than inflation right now, but the official CPI is understated because asset prices still are not included. Particularly, housing prices.

Then again, asset prices aren't included because that just means more money for you to buy other things that are inflating at the CPI (provided you cnn liquidate them). Then again, if housing is making a backdoor full-fledged reovery, that means that you might have to be a six-figure household (a 10%er household or 5%er single)  to get a house unless you are willing to settle for a shack, a house in the ghetto or a shack in the ghetto.