Inflation hit its highest level in three years last month, according to fresh data released this week — but new Federal Reserve Chair Kevin Warsh wants the central bank to focus on different measures.
Federal Reserve Chair Kevin Warsh wants the central bank to rely on alternative inflation measures ahead of his first meeting next week.
Warsh favors trimmed-mean averages that show lower inflation rates than traditional measures, but some Fed officials warn those gauges are currently unreliable.
Critics say switching metrics now could undermine the Fed's credibility after years of above-target inflation.
AI-generated summary was reviewed by a CNN editor.
Washington —
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