Image: FortuneKevin Warsh's first big press conference shines a spotlight on confusion over how the Fed actually measures inflation
• Former Fed official Kevin Warsh highlighted significant discrepancies in how the Federal Reserve measures inflation, questioning whether the actual rate is 3.7% or 2.2%. • In separate retail news, Costco has reached a $14 million email settlement, allowing eligible customers to claim payments up to $500 by the August 24 deadline. • Apple CEO Tim Cook issued a warning during his latest earnings call regarding a potential "hundred year flood" in memory chip pricing.
fortune.com


