Fed chair warns inflation battle ongoing, pledges action toward 2% target
Federal Reserve Chair Kevin Warsh says inflation remains stubborn and the central bank will act to bring it back to the 2% target.
Federal Reserve Chair Kevin Warsh has warned that the ongoing battle against inflation remains far from over. In his address at the Jackson Hole economic symposium, Warsh stated that recent inflation data show no significant improvement. The central bank remains committed to bringing inflation back to its 2% target, which Warsh emphasized is crucial for maintaining price stability.
He noted that while inflation expectations appear generally stable in the medium term, the latest figures do not indicate any tangible progress. Warsh stressed that the Federal Reserve should not lose focus on price stability, even as business investment rises rapidly and the potential for higher economic growth remains strong. He acknowledged that curbing inflation may sound simple in speeches, but it is much harder to achieve in practice.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Warsh: Fed has ‘work to do’ if inflation persists bangkokpost.com
- Gold price drops as Warsh warns Fed still has ‘work to do’ on inflation mining.com
- Fed has 'work to do' if price rises don't ease for Americans, Warsh says bbc.co.uk
- Warsh signals Fed may need to raise rates if above-target inflation persists finance.yahoo.com
