Kevin Warsh: “None of these measures are perfect, but they all tell a similar story: inflation is running above our 2% target.”

Too many categories are still posting increases above 3 percent on both a six and 12-month basis.

Otherwise, we have work to do.

Independence is a two-way street. We let people that do trade policy and fiscal policy stay in their lane, too.

Part of the independence of the Federal Reserve is we stay in our lane.