By Howard Schneider WASHINGTON, April 21 (Reuters) - Federal Reserve chief nominee Kevin Warsh called for "regime change" at the U.S. central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of monetary policy.

The Federal Reserve Bank of Cleveland's inflation-forecasting tool points to an even faster increase in prices in April, which may eventually force the Federal Open Market Committee to act. Speculation about a quick end to the Iran war and strong earnings growth stemming from the evolution of artificial intelligence clearly has investors excited.

In 2020, the Fed changed its framework to allow inflation to run moderately above its 2% annual target to make up for lagging price increases in the past. That came after the economy had experienced a decade of slow growth and minimal inflation.

The Federal Reserve just raised its 2026 inflation outlook by the largest margin in recent memory. Here's what changed, why it matters for your wallet, and what you can do about it.

Rising oil prices and lingering inflation risks may delay Fed rate cuts, as policymakers weigh credibility and longer-term price pressures.

Kevin Warsh sees Federal Reserve success as having no one talking about inflation. To achieve that, the Fed chair nominee will likely not get to please the president who appointed him any time soon.

The Commerce Department on Friday released the February 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.

The Federal Reserve made a "fatal policy error" to let inflation soar during the COVID-19 pandemic and big changes are needed to get the central bank back on track, Fed chair nominee Kevin Warsh said on Tuesday.

Higher inflation expectations could keep prices elevated despite a ceasefire, complicating the Fed’s path back to its 2% target.

By Howard Schneider WASHINGTON, April 21 (Reuters) - Federal Reserve chief nominee Kevin Warsh called for "regime change" at the U.S. central bank that would include a new "framework" for controlling inflation and a possible overhaul of how it communicates with the public about monetary policy.

Donald Trump's nominee to lead the Federal Reserve pledged to fight inflation at a hearing Tuesday even as the president renewed his demands for interest rate cuts that could worsen it. The comments