Federal Reserve Chair Kevin Warsh tells Congress that the central bank has “no tolerance” for high inflation and says it should become “a thing of the past.” In his first congressional testimony on Tuesday, Warsh frames the Fed’s commitment around bringing inflation down, but he does not provide details about what specific policy actions are likely next. The reports agree that while Warsh uses a firm message about inflation, he offers no clear guidance on the timing or direction of future moves by the Fed. Neither outlet indicates any new economic forecast, specific interest-rate plans, or additional policy measures during the testimony. Overall, the coverage emphasizes the contrast between Warsh’s strict stance against inflation and the absence of actionable signals to markets or lawmakers about how the Fed will implement its approach going forward.
Kevin Warsh tells Congress Fed has no tolerance for high inflation
Federal Reserve Chair Kevin Warsh tells Congress that the central bank has “no tolerance” for high inflation and says it should become “a thing of the past.” In his first congressional testimony on Tu...
- Kevin Warsh testifies before Congress for the first time as Fed chair.
- Warsh says the Fed has “no tolerance” for high inflation.
- He says inflation should become “a thing of the past.”
- Warsh does not provide hints or a clear signal about the Fed’s next policy move.
- The reports agree that no specific next steps are outlined during the testimony.
Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps
2 hours ago
Jerry Jones attends World Cup semifinal at his Dallas stadium, but not his usual suite
Dallas Cowboys owner Jerry Jones is expected to attend Tuesday’s World Cup semifinal at the stadium associated with his...
Justin Baldoni seeks reduction or denial of Blake Lively’s $8 million attorney-fee request
Justin Baldoni is disputing a request by Blake Lively for nearly $8 million in attorney’s fees stemming from their legal...
Jordan Clarkson Re-signs With New York Knicks on Veteran Minimum
Jordan Clarkson re-signs with the New York Knicks, returning to the team for the upcoming season on a veteran minimum co...