Warsh Says Inflation Data Is Imperfect, Tariffs Not Main Driver
Summary
- Kevin Warsh, a leading contender to become the next Fed chair, said the data used to assess inflation is not perfect.
- Warsh said tariffs are not the main cause of rising inflation.
- Markets are focused on the reliability of inflation indicators, along with the Fed’s future rate decisions and policy communication, as key variables.
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Kevin Warsh, a leading contender to become the next Federal Reserve chair, weighed in on the data used to assess inflation and on monetary policy, as debate continues over how to interpret price trends and preserve policy independence.
Walter Bloomberg reported on April 21 that Warsh said the data currently used to judge inflation is not perfect.
He also said tariffs are not the main cause of rising inflation.
Warsh said no president has ever asked him for any commitment related to interest-rate decisions, pushing back against the possibility of political interference in monetary policy.
Markets are watching the ongoing debate over the reliability of inflation indicators and the standards used to guide policy decisions. The Fed’s next rate decision and its policy communication remain key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
