Federal Reserve Chairman Kevin Warsh has vowed the Fed will smite high inflation — but the death blows won’t come fast or easy.
U.S. inflation is already bad enough. It might get worse.
In short
Federal Reserve Chairman Kevin Warsh has pledged that the central bank will tackle the nation's high inflation rates directly. However, Warsh cautioned that bringing the numbers down will be neither a quick nor an easy task for officials. Policymakers are preparing for a protracted challenge as concerns mount that existing inflationary pressures could intensify. Despite the central bank's determination to eliminate the problem, decisive results are not expected in the near term.
Key points
- Central bank policymakers face a prolonged and difficult challenge in their fight against…: Central bank policymakers face a prolonged and difficult challenge in their fight against rising prices.
- The Federal Reserve remains firmly determined to eliminate high inflation despite the com…: The Federal Reserve remains firmly determined to eliminate high inflation despite the complicated road ahead.
- Decisive economic results are not anticipated to arrive quickly as officials confront wor…: Decisive economic results are not anticipated to arrive quickly as officials confront worsening inflation risks.