Warsh sets realistic timeline expectations while pledging to fulfill congressional mandate on inflation.
“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.”
Warsh sets timeline expectations, saying Fed cannot deliver in days or weeks but will fulfill congressional mandate.
“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.”
Warsh says Fed is in performance business, pointing to treasury curve and dollar as evidence.
“And so so if I look at the treasury curve, if I look at the dollar, if I look at a lot of things that are internals inside of financial markets,”
Warsh sets standard requiring confidence that underlying inflation is moving to objective at sufficient speed.
“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed. Otherwise, we have work to do.”
Warsh sets standard that underlying inflation must move clearly and at sufficient speed to objective.
“So here is my standard. We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed.”
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 sets standard requiring clear evidence of inflation moving to target at sufficient speed.
“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 inflation is above 2% target and Fed's predominant focus should be on prices.
“Inflation is running above our 2% target. So the Fed's predominant focus right now should be on prices.”
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.”