Fed Chair Warsh: Not Happy with Inflation Above 2%, No Forward Guidance

Federal Reserve Chairman Kevin Warsh expressed dissatisfaction with inflation remaining above the 2% target during a panel at the ECB Forum on Central Banking. He stressed that the Fed will not offer forward guidance on future policy moves, maintaining a data-dependent approach.

Warsh’s remarks come as markets continue to assess the pace of potential rate adjustments. The Fed has kept rates elevated in an effort to curb persistent price pressures, though recent data has shown mixed progress toward the inflation goal.