Warsh: Inflation remains high, pledge to achieve 2% goal

The head of the U.S. Federal Reserve, Kevin Warsh, affirmed that inflation is not showing any significant signs of slowing down so far, and that the central bank still has important work ahead to achieve its 2% target. With inflation remaining above this target, Warsh emphasized that the focus should be on price stability, and that interest rates remain the primary tool for controlling inflation. Although price indicators improved this summer, he considered these changes to be minor, and stated that the Fed must continue its efforts to ensure inflation returns to the target. He also mentioned that there are no expectations of interest rate hikes in the near future, despite internal disagreements within the bank regarding future policy directions.

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