Kevin Warsh Says Inflation Has Been Too High for Too Long, Price Stability Is Top Priority
JH Kim
Summary
- Kevin Warsh, chair of the US Federal Reserve, said inflation has remained too high for too long.
- He said too many categories are still seeing inflation above 3%, showing that broad price pressures persist.
- Warsh said the Federal Reserve's most important focus is price stability, underscoring that stabilizing prices remains the top priority.
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Kevin Warsh, chair of the Federal Reserve, said inflation has remained too high for too long and stressed that restoring price stability is the central bank's top priority.
Walter Bloomberg reported on September 16 that Warsh said, "Inflation is too high, and it has stayed high for too long."
Too many categories are still seeing inflation above 3%, he said, underscoring that broad-based price pressures remain in place.
Warsh added that "the Federal Reserve's most important focus is price stability."
JH Kim
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