1. The Cpi And The Measures Of Inflation Are Overestimated 2. Ongoing Inflation May Help The Labor Market Adjust More Easily 3. Ongoing Inflation Gives The Fed More Flexibility To Bring Down Real Interest Rate

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1. 1. The Cpi And The Measures Of Inflation Are Overestimated 2. Ongoing Inflation May Help The Labor Market Adjust More Easily 3. Ongoing Inflation Gives The Fed More Flexibility To Bring Down Real Interest Rate