WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past,” yet he provided no signal about the central bank’s next steps.
Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh said in his first appearance before Congress since becoming chair May 22, replacing former chair Jerome Powell. “And we share a resolute commitment to restoring price stability.”
Additional Reads
Read Full Article: https://www.courthousenews.com/warsh-says-fed-has-no-tolerance-for-high-inflation-but-provides-no-hints-on-next-move/
