Fed Chair Warsh to Stress No Tolerance for Persistent Inflation
According to prepared remarks, Fed Chair Kevin Warsh will tell Congress the Fed has no tolerance for persistently elevated inflation, signaling a hawkish stance.
In prepared remarks for his testimony before the US House Financial Services Committee, Fed Chair Kevin Warsh is set to state that the Federal Reserve has no tolerance for persistently elevated inflation. The comment, part of the Semiannual Monetary Policy Report testimony, underscores the central bank's commitment to price stability. Markets will parse the tone for clues on the pace of rate adjustments. No further details were provided in the excerpt.
Source: FXStreet Forex News