Warsh sets the standard that the Fed must be confident inflation is moving to target at sufficient speed.
“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.”
Warsh says Fed must be confident underlying inflation is moving to target at sufficient speed or continue policy work.
“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed. Otherwise, we have work to do.”