Even when temporary outlier categories are out of the picture, prices still rose more than the Fed’s 2% target in April.

Kevin Warsh advocates for alternative measures of underlying inflation, challenging the Federal Reserve's reliance on its standard 2% target gauge.

The Fed wanted you to believe inflation was beaten. It wasn't.

Even when temporary outlier categories are out of the picture, prices still rose more than the Fed’s 2% target in April.