what is the federal reserve's favorite inflation gauge

interest-rates-25-minip=13 Concepts KNOWLEDGE CHECK Eript andates cision-making olkit est rate estim... What is the Federal Reserve's favorite inflation gauge? KNOWLEDGE CHECK Here is the output gap in the U.S. in early 1975. What was likely the Fed interest rate policy? interest-rates-25-minip=13 Concepts KNOWLEDGE CHECK Eript andates cision-making olkit est rate estim... What is the Federal Reserve's favorite inflation gauge? KNOWLEDGE CHECK Here is the output gap in the U.S. in early 1975. What was likely the Fed interest rate policy