Warsh Pushes for New Inflation Measures at Fed

Kevin Warsh, a nominee for Federal Reserve chair, advocates for a revamp in inflation measurement, proposing new models beyond the traditional two percent target. Recent data reveals discrepancies: the Feds primary measure hit nearly three percent, while others like the Dallas Feds trimmed mean and the Cleveland Feds median prices show lower rates. Critics argue Warsh overlooks years of research, pointing to the trimmed means missed inflation spread in 2021. The Feds resistance to change and Warshs bet on AI to boost productivity without price spikes add to the ongoing debate on inflation measurement. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/31a09fbca9f7d68e