Federal Reserve Alert! Governor Philip N. Jefferson gives speech 'Recent Inflation and the Dual Mandate' where he explains the differences between CPI and PCE Price Index.
Source: https://www.federalreserve.gov/newsevents/speech/jefferson20230227a.htm
Governor Philip N. Jefferson
Thank you, Jason, for inviting me to join your economics class and for your kind introduction. It is a pleasure to be here. I miss teaching economics classes.
Before I continue, I would like to note, as