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Fed Chair aims for 2% inflation
The statements by Federal Reserve Chairman Kevin Warsh focused on the commitment to reduce inflation to the 2% target, emphasizing that price stability is not achieved automatically and requires concrete measures. He clarified that current inflation is elevated, reaching 3.7% annually as of July, with signs indicating that the inflation trajectory may necessitate raising interest rates. This reflects the committee's readiness to adjust monetary policy based on upcoming economic data, with expectations of a potential rate hike at the September meetings. He also pointed out that economic growth could potentially be strengthened in the future thanks to investments in the artificial intelligence sector. Additionally, he called for clear signals from the market to support future monetary policies.
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