Federal Reserve Chair Warsh said at a Senate hearing on July 15 that he remains unhappy with the current picture on inflation, arguing that recent data do not fully capture underlying price pressures. During the hearing, he repeatedly raised concerns about inflation even as he described the labor market as looking fairly solid. Warsh said he was “not satisfied with any inflation indicator,” drawing a clear contrast between labor conditions and inflation readings. He also said the Federal Reserve would review its policy tools, including the balance sheet and interest rates, to determine whether adjustments are needed to respond to inflation. The remarks came during his appearance before the Senate and centered on how policymakers assess inflation beyond the latest headline data.
Federal Reserve Chair Warsh repeatedly voiced dissatisfaction with inflation during a Senate hearing on July 15, saying recent inflation data do not perfectly reflect underlying inflation.
“The labor market looks quite good, but inflation is not very encouraging. I am not satisfied with any inflation indicator,” Warsh said.
He added that the Federal Reserve would review its tools, including the balance sheet and interest rates, to see whether adjustments are needed to address inflation.
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