Core inflation is not the main measure of inflation used by the Fed, so your previous statement is false. But you don't have to take my word for it--read the article you yourself linked.
Nevertheless, overall inflation remains quite low: Over the 12 months ending in December, prices for all the goods and services purchased by households increased by only 1.2 percent, down from 2.4 percent over the prior 12 months. To assess underlying trends in inflation, economists also follow several alternative measures of inflation; one such measure is so-called core inflation, which excludes the more volatile food and energy components and therefore can be a better predictor of where overall inflation is headed.
The takeaway is that core inflation is an "alternative" measure used when volatile components are obscuring long-term trends. The intent is to get a good feel for what the real inflation number will look like in the future. This is a big difference from "using" core inflation as the primary measure, and I don't know what you gain from confusing my statements about the PCE/PI with core PCE. I never claimed that core PCE was the most general measure.
Anyway, this is far from the original point, which is that you have some silly conspiracy theory about printing "rule-the-world money", and you won't tell us what it is. But at least I got you to stop citing MarketWatch.
I think you may have confused me with another poster regarding "rule the world money".
I did link to an opinion piece from the Journal that suggests that the Fed is exporting unrest to MENA via inflationary monetary policy. Whether this is intentional or accidental is hard to determine, but it would make a certain amount of sense if it was on purpose. None the less, I didn't write the piece nor is it my theory.
Note that the marketwatch article is a direct reprint from the Wall Street Journal (which I noted). The WSJ version is behind their paywall.
You seem to suggest that I hold a lot of fringe conspiracy views, yet the theories you take issue with come from the Journal editorial pages. Does that mean you hold the WSJ to be a fringe conspiracy paper?
I think you may have confused me with another poster regarding "rule the world money".
You're right, I'm sorry.
But it's curious that you cite the WSJ editorial pages specifically. One of the things the WSJ is known for is how incongruously stupid the editorial section is, compared to the rest of the paper.
Nevertheless, overall inflation remains quite low: Over the 12 months ending in December, prices for all the goods and services purchased by households increased by only 1.2 percent, down from 2.4 percent over the prior 12 months. To assess underlying trends in inflation, economists also follow several alternative measures of inflation; one such measure is so-called core inflation, which excludes the more volatile food and energy components and therefore can be a better predictor of where overall inflation is headed.
The takeaway is that core inflation is an "alternative" measure used when volatile components are obscuring long-term trends. The intent is to get a good feel for what the real inflation number will look like in the future. This is a big difference from "using" core inflation as the primary measure, and I don't know what you gain from confusing my statements about the PCE/PI with core PCE. I never claimed that core PCE was the most general measure.
Anyway, this is far from the original point, which is that you have some silly conspiracy theory about printing "rule-the-world money", and you won't tell us what it is. But at least I got you to stop citing MarketWatch.