world-economy

Warsh Pledges Inflation Fight Before Congress

Federal Reserve Chairman Kevin Warsh committed to returning inflation to the central bank's 2% target during testimony before the House Financial Services Committee this week. The appearance was part of statutorily required Capitol Hill briefings for Fed leadership. In his prepared remarks, Warsh promised vigilant action to address inflation. The chairman has enlisted experienced officials to help tackle complex monetary policy challenges. The Fed continues to balance competing objectives around price stability and employment.