Federal Reserve Chairman Kevin Walsh said he is “super interested” in finding new indicators to better monitor inflation to help the central bank make decisions. Walsh said he doesn't have a preferred measure of inflation and is “certainly” interested in finding average or median prices for products sold by large retailers. In response to questions from lawmakers, Walsh also said that the two basic inflation indicators that have received close attention, excluding food and energy prices, are not good measures.

Federal Reserve Chairman Kevin Walsh said he is “super interested” in finding new indicators to better monitor inflation to help the central bank make decisions. Walsh said he doesn't have a preferred measure of inflation and is “certainly” interested in finding average or median prices for products sold by large retailers. In response to questions from lawmakers, Walsh also said that the two basic inflation indicators that have received close attention, excluding food and energy prices, are not good measures.