Warsh to say Fed has ‘no tolerance’ for high inflation but provides no hints on next move
Warsh said the Fed has no tolerance for persistently elevated inflation while officials remain split on whether rates should rise by year-end.
- Federal Reserve Chairman Kevin Warsh vowed to 'get monetary policy right' and make inflation a 'thing of the past,' emphasizing a commitment to restoring price stability during his testimony before Congress.
- Warsh highlighted a rapid surge in AI-related business investment as 'the most striking feature' of the economy, suggesting AI investment might become a standard economic driver.
- Inflation has remained above the Fed's 2% target since 2021, reaching above 4%, and Warsh noted that underlying inflation is largely influenced by monetary policy.
- Federal Reserve officials are divided on future interest rate changes, with some expecting hikes to combat inflation, while others suggest stability depending on upcoming economic data.
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The new president of the US Federal Reserve was able to reassure some critics who had only seen one of the president's henchmen in him. Warsh's exchange with senators makes it clear, however, that the expansion of the AI infrastructure will shape his monetary policy.
Pittsburgh Post-Gazette
Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump
WASHINGTON — Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI...
Fed Chair Warsh vows to fight inflation even as new CPI report shows 3.5% rise • Oklahoma Voice
The new Consumer Price Index released on July 14, 2026, showed gasoline prices cooled, compared to $4.99 a gallon at this station in Silver Spring, Maryland, on May 17, 2026. (Photo by Jane Norman/States Newsroom) WASHINGTON — Federal Reserve Chair Kevin Warsh promised Tuesday to “put these years of high inflation behind us” and lower prices, including mortgage rates, for everyday Americans as inflation remains at the highest level in two years.…
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