Fed's Warsh Vows to Hit 2% Inflation Target

• The Fed is fully responsible for controlling inflation and delivering price stability.
• Current market-based inflation expectations are well-anchored but require vigilant monitoring.
• The Fed will take further action if underlying inflation does not clearly and swiftly move towards the 2% target.

Former Federal Reserve Governor Kevin Warsh emphasized the Fed's unwavering commitment to achieving price stability, particularly in light of sustained elevated inflation. He stated that while market expectations for inflation are currently well-anchored, they must be closely monitored. Warsh stressed that the Fed will continue to act if underlying inflation does not move towards its 2% objective 'clearly and at sufficient speed'.