Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
Briana Lupea
Kevin Warsh , President Donald Trump 's nominee for Federal Reserve chair, told lawmakers that he would like the central bank to change its strategy for measuring inflation. But Bank of America economist Aditya Bhave warned Wednesday that such a reconfiguration — part of a broader "regime change" that Warsh has promised for the central bank — might not pan out as he hopes. The Fed has long favored the core price index for personal consumption expenditures, known in short as the core PCE ,
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