Federal Reserve Chairman Kevin Warsh says inflation risks have eased in recent weeks and that the central bank remains committed to delivering price stability. Speaking at the European Central Bank’s annual Forum on Central Banking in Sintra, Portugal, Warsh said price risks are lower than they were recently and reiterated that “prices are too high.” He emphasized the Fed’s responsibility to return inflation to its 2% target, framing his remarks as part of a broader, repeated message about maintaining a focus on price stability.
Several outlets report that Warsh characterized the current environment as improved relative to a few weeks earlier, while also noting that the Fed still has work to do to bring inflation under control. One report also adds that Warsh anticipates that artificial intelligence could create jobs, though this point is not presented as central to his inflation message.
Overall, the accounts agree that Warsh highlights reduced inflation risk, pledges continued action to achieve price stability, and presents independence and commitment to the Fed’s mandate as key themes.
