Verified sources.
Clear updates.
In a high-profile speech, Kevin M. Warsh said the Federal Reserve was chiefly responsible for taming inflation. If price increases do not return to the central bank’s target quickly, “we have work to do,” he said. Warsh, the chairman of the Federal Reserve, sought to alleviate concerns about his commitment to taming elevated inflation, suggesting in a closely watched speech on Friday that the central bank would have “work to do” if price pressures did not ease in a timely fashion. Warsh, delivering his first address to the world’s leading economic policymakers at the Fed’s annual conference in Jackson, Wyo., affirmed that the central bank was chiefly focusing on getting inflation down after half a decade of its overshooting the Fed’s 2 percent target.
Missing media or need the complete publisher report? Open The New York Times
Media link supplied by the Scoop Newsroom app.
The text below was supplied by the Scoop Newsroom app. Third-party reporting is attributed in the source panel.
No additional independently verified detail is available beyond the summary above. The original reporting remains linked in the source panel.
Breaking news moves fast. Follow @Will466513 on X for breaking news alerts. Follow on X →
Dated changes to this report are shown here as they are published.
Removed by Scoop Timeline eligibility policy
In a high-profile speech, Kevin M. Warsh said the Federal Reserve was chiefly responsible for taming inflation. If price increases do not return to the central bank’s target quickly, “we have work to do,” he said. Warsh, the chairman of the Federal Reserve, sought to alleviate concerns about his commitment to taming elevated inflation, suggesting in a closely watched speech on Friday that the central bank would have “work to do” if price pressures did not ease in a timely fashion. Warsh, delivering his first address to the world’s leading economic policymakers at the Fed’s annual conference in Jackson, Wyo., affirmed that the central bank was chiefly focusing on getting inflation down after half a decade of its overshooting the Fed’s 2 percent target.
Removed by Scoop Timeline eligibility policy
