Warsh Says Inflation Isn’t Slowing, Vows to Reach 2% Target

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the US central bank has “work to do.” The comments reassured investors, who boosted bets that the Fed will raise interest rates this year — possibly as soon as next month — to rein in inflation. In his first speech Bloomberg Terminal since becoming Fed chairman in May, Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fixed target.

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