Do Central Bankers Care About Rising House Prices?

Send us a textWhy don’t central bankers care about rising asset prices?For most people their greatest expense is housing. According to the Bureau of Labor Statistics, Americans spend almost 40% of their take home pay on shelter, this might lead you to ask - why aren’t home prices included in measures of inflation? And should they be? Is real inflation much higher than is being reported in the CPI because of asset price inflation? Patrick's Books:Statistics For The Trading Floor: h...