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Rick Santelli: 'I don't believe' government inflation numbers

Wednesday, 14 Aug 2013 | 10:14 AM ET
Santelli: 'I don't believe' government inflation numbers
Wednesday, 14 Aug 2013 | 8:33 AM ET
CNBC's Rick Santelli reacts to the Federal Reserve's plans to taper and questions whether the central bank has enough data—particularly on inflation—to make the right call on the economy.

When discussing the Federal Reserve's plans to taper asset purchases and the central bank's inflation targets, CNBC's Rick Santelli questioned whether the government's approach to inflation is a way to "fudge the numbers."

"Listen, I don't believe the government's calculations. There, I said it," Santelli said. "I don't have better numbers; I have common sense."

"There's a difference between real life and the government," he added.

—By CNBC's Paul Toscano. Follow him on Twitter @ToscanoPaul