Fed Chair Warsh Says Inflation Is Far Above the 2% Target

Odaily, citing Jinshi, reported that Federal Reserve Chair Warsh said inflation is far above the 2% target. In the statement, he stressed that persistently elevated prices are a burden, keeping the inflation discussion centered on the gap between current price pressures and the Fed’s stated objective.

Warsh also said recent history should not become a prelude to the inflation problem. The newsflash focused on the distance between inflation and the 2% target, as well as the burden created by high prices. The original item did not provide further details on interest-rate decisions, voting arrangements, or a specific policy timetable.