Thomas Barwick/Getty Images
- "Supercore inflation" zooms in on the prices of services, which have been persistently high.
- Fed chair Powell has touted the measure to assess better the persistently high inflation he's targeting.
- But some economists aren't convinced — as high prices of any goods and services affect people too.
The Federal Reserve's got a new buzzword: "supercore inflation."
The central bank has been mounting an escalating attack on persistent high inflation. The fight is so drawn out that the fed seems convinced that a new measure of price increases — supercore inflation — will help assess the situation better.