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New Fed chairman wants to move the inflation goalposts
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, June 9, 2026
What do you do if you have a standard that's not being met?
Move the goalposts!
Of course you could work harder to meet the goal. But that's hard. So why not just change the standard and make it easier to meet?
That seems to be a strategy at the Federal Reserve.
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During his confirmation hearing, new Federal Reserve Chairman Kevin Warsh indicated that he preferred "trimmed averages" for price inflation.
As Reuters explained, in theory, this approach "trims off the fastest-rising prices and fastest-falling prices, leaving a more representative middle set of price changes that typically serves as a good indicator of where inflation is heading."
But in reality these analysts are simply removing important data points from consideration. ...
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