🚨DOJ has served the Federal Reserve with grand jury subpoenas and is threatening a criminal indictment against Chair Jerome Powell. Jerome Powell called it a part of a political pressure campaign over the interest rate policies: "This new threat of criminal charges is a consequence of setting interest rates based on our best assessment of what will serve the public, rather than the preferences of the President." This is perhaps the perfect time for the @federalreserve to start using independent, unbiased, and apolitical metrics to ensure that monetary policy truly follows a data-driven approach. Truflation aggregates 35M+ prices at the point of purchase from 70+ data providers for daily, real-time inflation measurements (YoY CPI and PCE), and both our inflation metrics have been below or around 2% since the end of the year. It might be all the more interesting following the government shutdown that left the U.S. Bureau of Labor Statistics (BLS) and the U.S. Bureau of Economic Analysis (BEA) with missing or incomplete data, which continue to draw criticism and distort insights into the current state of the U.S. economy.