Fed is ‘stuck’ in Greenspan era, former St. Louis Fed president says

Former Federal Reserve Bank of St. Louis President and CEO James Bullard explained how Personal Consumption Expenditures (PCE) got its reputation and why it’s here to stay during an appearance on "Cavuto: Coast to Coast" Thursday. "Alan Greenspan in the 90s did a review of all the different ways to measure inflation, and the outcome...