Federal Reserve Chairman Kevin Warsh routinely points out that inflation has run above the US central bank’s 2% target for 64 consecutive months. He has reaffirmed the institution’s commitment to delivering price stability and allowing financial markets to function on their own without the Fed’s handholding. But is Warsh’s zero-tolerance inflation policy all talk, or can America expect results soon?
Kevin Warsh, Rinse, and Repeat
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