THEAMERICANCONSERVATIVE (David Brady) - Fed Chair Signals Renewed Inflation Fight at ECB Panel
State of the Union: Kevin Warsh indicated that the central bank would pursue price stability independent from political pressures. The post Fed Chair Signals Renewed Inflation Fight at ECB Panel appeared first on The American Conservative .
Federal Reserve Chair Kevin Warsh signaled that the central bank would be focused on bringing down inflation during a European Central Bank Forum panel Wednesday in Sintra, Portugal. Warsh did not offer forward guidance, in keeping with a policy he articulated at June’s board of governors meeting, but indicated that the central bank was committed to meeting its inflation target. “If there were people in the household or the business sector and the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2 percent,” he remarked , “well, I guess they’d be disappointed.” According to the latest report of the Federal Reserve’s favorite measure, inflation is above 4…Open