Warsh Says Fed Has ‘No Tolerance’ for High Inflation but Provides No Hints on Next Move
WASHINGTON (AP) — 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. Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh said in written remarks. “And we share a resolute commitment to […]