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Fed uses broader inflation data beyond PCE to understand underlying price changes in economy.

From 🚨 LIVE: FOMC DECISION TODAY! Bitcoin's BIGGEST Move in Weeks? (Trade With Me LIVE) · jumps to 1:16:46 · speech

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So without sort of fully revealing my cards, I'm trying to understand like my colleagues, what's the underlying generalized change in prices that are happening in the economy? It is not a perfect science. I might have said 42 days ago, I've got a task force for that, but we have a data project that's trying to look and see whether we can't separate the noise from the signal. And so if you would hear a message from me, yes, I care about what the PCE prints are, I care about what the contributions are from CPI and everything else. But my lens is broader than that, even though the remit is quite narrow.
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