Trump's Fed Pick Warsh Wants To Ditch The Central Bank's Go‑To Inflation Gauge

Kevin Warsh wants to retire the inflation gauge the Federal Reserve has relied on for two decades.. Speaking at his Senate confirmation hearing on Tuesday, President Donald Trump‘ s pick to replace Jerome Powell dismissed core personal consumption expenditures— the Fed’ s preferred measure of underlying price pressure— as a“ rough swag as to what was going on” with…