Warsh supports independent Fed and 2% inflation

Federal Reserve Chair Kevin Warsh emphasized the Fed’s independence and its commitment to reducing inflation, signaling that rate cuts sought by President Trump are unlikely. He highlighted the bank’s focus on achieving price stability, with inflation expected to stay below 2%, and indicated that future policy tactics are yet to be determined. Warsh also noted signs of moderating inflation expectations and the potential impact of declining gas prices, while emphasizing the importance of maintaining independence from political influence.

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