00:00It's Benzinga bringing Wall Street to Main Street.
00:02Former Georgia Congresswoman Marjorie Taylor Greene criticized new Federal Reserve Chair
00:07Kevin Warsh on Sunday over his push to emphasize trimmed mean inflation as a key policy measure.
00:13Greene posted on X that fuzzy math doesn't lower the cost of food and gas.
00:18She argued that trimmed mean inflation excludes food and energy prices
00:22and would make it easier for the Fed to justify rate cuts
00:26without addressing the higher costs Americans face.
00:30Warsh, confirmed in April, said conventional inflation measures are too sensitive to short-term shocks,
00:35making trimmed mean a more reliable guide.
00:39Economist Peter Schiff echoed skepticism on X,
00:42claiming official inflation measures understate true price increases.
00:46Inflation rose 3.8% year over year in April, its highest level since 2023.
00:51For all things money, visit Benzinga.com.
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