Daily Market Updates: Warsh signals focus on reducing inflation, avoids backing higher rates

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Warsh signals focus on reducing inflation, avoids backing higher rates

Reported · Written up by our desk · Central Banks

Kevin M. Warsh, the chairman of the Federal Reserve since taking the role, is expected to reiterate the central bank’s pledge to bring inflation down, according to reporting by NYT Business.

In the same coverage, Warsh declined to clarify whether he supports higher interest rates as a tool to curb price pressures.

NYT Economy also notes that Warsh has not provided an explicit stance on the direction of rates while emphasizing the Fed’s inflation reduction commitment.

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Sources

NYT BusinessWarsh to Reiterate Fed’s Pledge to Get Inflation Down

NYT EconomyWarsh to Reiterate Fed’s Pledge to Get Inflation Down

Bonds & Rates

Warsh signals focus on reducing inflation, avoids backing higher rates

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