Inflation is one of the economy’s most important vital signs and one of the subtlest to measure. The CPI inflation rate—the 12-month change in the consumer-price index—gets most of the attention. But ...

Kevin Warsh, the incoming Fed chair, is considering adopting the Dallas Fed's Trimmed Mean PCE as the primary inflation measure. The trimmed mean PCE currently shows a 2.4% y/y rate, well below core ...

Polo Rocha has written about economics and banking for a decade. Andrew Harnik / Getty Images Incoming Federal Reserve Chair Kevin Warsh supports using trimmed inflation measures to track price trends ...