The Fed does not tolerate inflation above its target.
According to Kevin Warsh, the Federal Reserve chairman, the central bank’s decision-makers cannot tolerate persistent high inflation, and they are determined to restore price stability. During a hearing before Congress, shortly before the release of the latest consumer price index data, the Fed chairman identified curbing inflation as the most important task.
According to Kevin Warsh, the president of the Federal Reserve, the bank’s decision-makers cannot tolerate persistent high inflation, and they are determined to restore price stability. At a hearing before Congress, the Fed chairman stated that curbing inflation is the most important task.
