{
  "id": 673193,
  "title": "Commentary: The new Fed chief and his risky game with US inflation",
  "url": "https://urgent.news/2026/08/12/kommentar-der-neue-fed-chef-und-sein-riskantes-spiel-mit-der-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T14:23:24.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/meinung/kommentare/us-inflation-fed-unter-warsh-mit-neuen-versprechen-und-wenig-taten/100246345.html"
  },
  "original_language": "de",
  "account": "In the US, inflation has slowed down in July and stands at 3.4 percent year-on-year, after 3.5 percent in June. The other way of looking at it, however, is that it has been above the Federal Reserve's two percent inflation target for five years. At its helm, it has had since this year Kevin Warsh, who has announced major changes after much criticism of his current colleagues: no more forward guidance, with which the central bank specifies its future interest rate path, no more bloated balance sheet, fewer press conferences. Most importantly, however, he promised a more consistent policy towards high inflation. On paper, however, little has happened so far. There are still press conferences (at least until the end of the year), he has not yet touched the Fed's balance sheet, and inflation is still above two percent. In addition to five working groups that are supposed to work on the announced reforms, Warsh has delivered only one thing: he has abolished forward guidance. However, this has caused particular irritation in the market, especially in the bond markets.",
  "summary": "New Fed Chairman Kevin Warsh has promised a change in policy. He will be measured by his actions - but so far, little has been seen of those.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}