Inflation reached its highest level in three years last month, according to official data released this week, but new Federal Reserve Chair Kevin Warsh is signaling the Fed should look beyond headline inflation numbers — possibly focusing on measures less affected by temporary factors like the ongoing Iran war. This sets up potential tension between Trump, who has expressed comfort with higher inflation, and Warsh's independence as Fed chair, though early coverage suggests Warsh's alternative metrics approach aligns with White House preferences for lower rate increases.