Part 3/4:
Pano also points to the growing disconnect between the official Consumer Price Index (CPI) inflation rate and the real-world experiences of consumers. He argues that the younger generation no longer trusts the CPI numbers, as their daily expenses, such as grocery bills, suggest much higher rates of inflation than the reported 2.4%.
Pano suggests that the incoming administration could make a significant impact by overhauling the Bureau of Labor Statistics (BLS) and the methodology used to calculate inflation. Obtaining more accurate inflation data could lead to better-informed monetary policy decisions.
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