The Minutes of Kevin Warsh on inflation https://minutesof.com/kevin-warsh/on/inflation/ Everything Kevin Warsh has said on inflation: 15 verbatim quotes between July 2026 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:23:00 +0000 Warsh says inflation is above 2% target and Fed's predominant focus should be on prices. https://minutesof.com/q/b80d41df-a379-465a-bb31-0e535cd77114/ https://minutesof.com/q/b80d41df-a379-465a-bb31-0e535cd77114/ “Inflation is running above our 2% target. So the Fed's predominant focus right now should be on prices.” — Financial Times Fri, 28 Aug 2026 17:44:56 +0000 inflation Warsh sets standard that underlying inflation must move clearly and at sufficient speed to objective. https://minutesof.com/q/265aa8ae-0d94-417e-b267-8b320e428ecc/ https://minutesof.com/q/265aa8ae-0d94-417e-b267-8b320e428ecc/ “So here is my standard. We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed.” — Financial Times Fri, 28 Aug 2026 17:44:56 +0000 inflation Warsh sets standard requiring confidence that underlying inflation is moving to objective at sufficient speed. https://minutesof.com/q/01437dff-5d96-4bee-b799-12ae51314328/ https://minutesof.com/q/01437dff-5d96-4bee-b799-12ae51314328/ “We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed. Otherwise, we have work to do.” — Financial Times Fri, 28 Aug 2026 17:44:56 +0000 inflation Warsh sets standard requiring clear evidence of inflation moving to target at sufficient speed. https://minutesof.com/q/af23a710-4778-43bf-8885-d1c8a0166674/ https://minutesof.com/q/af23a710-4778-43bf-8885-d1c8a0166674/ “We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed. Otherwise, we have work to do.” — Varney & Co. Fri, 28 Aug 2026 17:04:37 +0000 inflation Warsh notes profit margins are quite elevated relative to history with low equity volatility. https://minutesof.com/q/78670623-210e-4f63-ab47-d6f4df89262c/ https://minutesof.com/q/78670623-210e-4f63-ab47-d6f4df89262c/ “he says profit margins are quite elevated related to history and overall equity market, the volatility is low.” — Varney & Co. Fri, 28 Aug 2026 17:04:37 +0000 inflation Warsh says 2021 forward guidance may have delayed the Fed's response to high inflation. https://minutesof.com/q/55c0373e-087b-4f0f-84dd-4e4b36363739/ https://minutesof.com/q/55c0373e-087b-4f0f-84dd-4e4b36363739/ “I am not alone in noticing that forward guidance in 2021, to cite just one example, might well have slowed the policy response to high inflation.” — Reuters Business Fri, 28 Aug 2026 16:51:16 +0000 inflation Warsh reports PCE inflation at 3.7% over twelve months, above 4% over six months. https://minutesof.com/q/ec1966aa-e9b8-44c5-a3d2-35ad94bef524/ https://minutesof.com/q/ec1966aa-e9b8-44c5-a3d2-35ad94bef524/ “The Fed's preferred measure of inflation, the one I talked about earlier, the twelve month change in the PC price index stands at 3.7%, with the six month change a little above four.” — Reuters Business Fri, 28 Aug 2026 16:51:16 +0000 inflation Warsh sets the standard that the Fed must be confident inflation is moving to target at sufficient speed. https://minutesof.com/q/4cb6ee05-df1f-4ee8-be6f-36c70e1b7409/ https://minutesof.com/q/4cb6ee05-df1f-4ee8-be6f-36c70e1b7409/ “So here is my standard. We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed. Otherwise, we have work to do.” — Reuters Business Fri, 28 Aug 2026 16:51:16 +0000 inflation Warsh argues hardworking Americans, not financial market participants, bear the worst costs of Fed policy erro https://minutesof.com/q/875ab691-9e95-46e1-98d7-05de6c1ced53/ https://minutesof.com/q/875ab691-9e95-46e1-98d7-05de6c1ced53/ “If the Fed gets inflation wrong and judges the economy wrong, who gets the worst of it? Not the financial high flyers.” — Reuters Fri, 28 Aug 2026 16:51:10 +0000 inflation Warsh says Fed forward guidance in 2021 likely slowed the policy response to high inflation. https://minutesof.com/q/f0256d87-24fd-4062-8f7d-a1d451c03ad8/ https://minutesof.com/q/f0256d87-24fd-4062-8f7d-a1d451c03ad8/ “I am not alone in noticing that forward guidance in 2021, to cite just one example, might well have slowed the policy response to high inflation.” — Reuters Fri, 28 Aug 2026 16:51:10 +0000 inflation Warsh cites Fed's preferred inflation measure at 3.7% over twelve months, above four percent over six months. https://minutesof.com/q/31cac3ae-5d9a-4dea-ade7-d6ab420b0f19/ https://minutesof.com/q/31cac3ae-5d9a-4dea-ade7-d6ab420b0f19/ “The Fed's preferred measure of inflation, the one I talked about earlier, the twelve month change in the PC price index stands at 3.7%, with the six month change a little above four.” — Reuters Fri, 28 Aug 2026 16:51:10 +0000 inflation Warsh states all inflation measures show inflation running above the Fed's 2% target. https://minutesof.com/q/3b916fc1-e973-4c4b-8633-d3b081f48f7a/ https://minutesof.com/q/3b916fc1-e973-4c4b-8633-d3b081f48f7a/ “None of these measures are perfect, but they all tell a similar story. Inflation is running above our 2% target.” — Reuters Fri, 28 Aug 2026 16:51:10 +0000 inflation Warsh says Fed must be confident underlying inflation is moving to target at sufficient speed or continue poli https://minutesof.com/q/ec243323-0fc4-4223-aebf-80be6178e033/ https://minutesof.com/q/ec243323-0fc4-4223-aebf-80be6178e033/ “We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed. Otherwise, we have work to do.” — Reuters Fri, 28 Aug 2026 16:51:10 +0000 inflation Warsh sets timeline expectations, saying Fed cannot deliver in days or weeks but will fulfill congressional ma https://minutesof.com/q/a535b547-a808-4fe4-85b9-a8e48c879e2b/ https://minutesof.com/q/a535b547-a808-4fe4-85b9-a8e48c879e2b/ “We've got no magic wand. This isn't something that we're gonna be able to carry out in days or weeks, but we're gonna deliver on the responsibility that congress gave us.” — Forbes Breaking News Wed, 29 Jul 2026 23:05:23 +0000 inflation Warsh announces the updated consensus statement emphasizes promoting maximum employment and stable prices acro https://minutesof.com/q/2e7359ec-6e03-429f-bf85-ec54d314c078/ https://minutesof.com/q/2e7359ec-6e03-429f-bf85-ec54d314c078/ “The updated statement, also commonly known as the consensus statement, emphasizes that the FOMC's monetary policy strategy is designed to promote the congressionally-assigned goals of maximum employment and stable prices across a broad range of economic conditions for the benefit and well-being of all Americans.” — FOMC press conferences (video and transcript) inflation