Why We Should Watch Inflation Instead of GDP as an Economic Growth Indicator

Original post: BisNow.com | Re-post Cawley Chicago 3.27.2017

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Few experts on capital markets and the economy have the pedigree of Randall Kroszner, a professor of economics and former governor of the Federal Reserve Board during the Bush administration. Kroszner said President Donald Trump’s proposed bold reforms and infrastructure investment have resonated strongly with both business people and consumers. But he does not believe we will see real impact until 2018 or 2019; until then, confidence is coming from the Fed.
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