New York Fed research finds flaws in inflation expectations polls


The wording of survey questions measuring people's inflation expectations are often misinterpreted and prevent respondents from fully expressing uncertainty over future prices, a New York Federal Reserve paper out Thursday said.

The authors of the report - Wändi Bruine de Bruin, Simon Potter, Robert Rich, Giorgio Topa, and Wilbert van der Klaauw - argued that questions asking directly about the "rate of inflation" rather than "prices in general" led to a measure of expected future inflation outc

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