Warsh's 'Ambitious Agenda' Needs Broad Market Understanding: Clarida The Federal Reserve's efforts to refine its inflation measures have sparked a contentious debate that goes beyond technicalities.
At stake is not just the efficacy of the central bank's tools but also the trust between policymakers and the markets they serve.
Chairman Kevin Warsh has proposed reviewing alternatives to the US personal consumption expenditure core index (PCE), which is currently the preferred measure of inflation.