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 prices.

President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.

But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.

President Donald Trump’s choice to run the world’s most powerful financial institution is stuck in a Senate committee. And the man holding the door shut is a Republican who says he’s not opposing the candidate,

The end of the Fed probe will likely clear the way for Warsh to be confirmed. If he's confirmed, Warsh has plans to shake up how the Fed works. Financial markets may have just dodged a bullet. Early on Friday,

By Howard Schneider WASHINGTON, April 24 (Reuters) - Federal Reserve Chair nominee Kevin Warsh has called for a major rethink of how to measure inflation, but he may have less trouble finding new ideas at the central bank than in choosing from an expanding set of alternate models,

President Donald Trump’s nominee to chair the Federal Reserve says that he never promised the White House he would cut interest rates, even as the president renewed his calls for the central bank to do so.

Warsh's Senate Banking Committee testimony shed light on one way he'd transform the nation's central bank.