Policymakers cling to a 1970s consumer-price index formula that overstates cost increases and drives up automatic spending.
Many people point to speeches by Federal Reserve "mandarins" in wonder. The Fed claims that "inflationary expectations" are "well grounded" and the consumer price index (CPI), as calculated by the US ...
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FERS Exception: Why not all retirees will receive the COLA increase by 2026
COLA is 2.8%, but FERS retirees only get 2.0% for their annuities. The "diet" COLA fails to match the 12%+ jump in health ...
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