Federal Reserve Chairman Kevin Warsh has said that inflation is a “choice.” The same could also be true of how inflation is measured. While the central bank has its own favorite metric courtesy of the Commerce Department, the public data base is rife with other gauges of how price pressures are best viewed. It’s likely that many of them will get a serious look as the Warsh Fed plots what he called on Wednesday a “new course” for how it operates — and specifically what will be the data triggers for the ways it implements monetary policy. “My hope, my aspiration, is that nine-12 months from now we’re going to be using ... (full story)