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"Fed Whisperer" Nick Timiraos comments: Fed Chair nominee Kevin Warsh is serious about his reform agenda, which covers everything from how the Federal Reserve conducts economic analysis to how it communicates with the public. The inflation metric he cites is slightly better than the "rough estimate" (scientific guesswork) used by the Federal Reserve as its primary benchmark. Warsh's arguments on independence will cause discomfort within the Federal Reserve and may not help him broaden his appeal among Democrats.
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