Fed Chair Kevin Warsh Just Doubled Down on His Promise to Change How the Central Bank Thinks About Inflation
Warsh urged a new price-stability standard while keeping the 2% inflation target and criticized the Fed’s balance sheet and forward guidance.
4 Articles
4 Articles
Fed is laser-focused on inflation drop, Warsh says
Federal Reserve Chairman Kevin Warsh has vowed that the central bank is fully committed to lowering inflation to its 2% target. Warsh, who replaced Jerome Powell as Fed chairman in May, testified July 14 before the House Financial Services Committee, where he was repeatedly asked about the Fed’s efforts to drive inflation down after years of too-hot price growth. Despite President Donald Trump’s desire for the Fed to lower rates, Warsh reiterate…
Macroscope | Silence isn’t golden for a world looking to Kevin Warsh’s Fed
Since being sworn in as US Federal Reserve chairman on May 22, Kevin Warsh has struck a distinctly hawkish tone. At his first press conference at the helm of the world’s most important central bank on June 17, Warsh made a solemn vow to curb inflation. He said members of the Fed’s interest rate-setting committee were “unambiguous and unanimous. This committee will deliver price stability”. Bond investors who questioned Warsh’s inflation-fighting…
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