Federal Reserve Chair Kevin Warsh is pushing for a rethink on how inflation is measured to offer more clarity on the Fed’s policy. AP Photo/Mark Schiefelbein

Americans feel the sting of high prices every day, so why does the Fed need so many ways to measure inflation?

Fresh off a divided Fed vote to hold rates, policymakers confront a deeper question: Which of conflicting inflation gauges should guide them?
As the cost of gas stays high due to Middle East tensions, it’s spilling over into U.S. consumer spending more broadly and creating a conundrum for the Federal Reserve. AP Photo/David Zalubowski

It’s not just high gas prices – inflation is now spreading through the US economy

A key challenge for the Federal Reserve is that higher gas prices are inflationary, but they also reduce households’ spending power and dampen growth.
The cracks in the financial system are growing. John Sommer/E+ via Getty Images

US regulators avoided a banking crisis by swift action following SVB’s collapse – but the cracks it exposed continue to weaken the global financial system’s foundation

The Fed, Treasury and FDIC acted swiftly to protect depositors and stem any panic, but anxiety continues to grow about the state of the global financial system.
The cryptocurrency exchange FTX fell from a multibillion-dollar company to bankruptcy in less than a week. NurPhoto via Getty Images

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won’t affect most people

Even though some traditional financial firms parked millions in the bankrupt company – once valued at $30 billion – the impact of FTX’s spectacular crash is limited to crypto investors

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