Federal Reserve Chairman Kevin Warsh said on July 14 that inflation over the past five years “will be a thing of the past.”
Warsh appeared on Capitol Hill for the first time since his confirmation hearing in April. The new central bank leader appeared before the House Financial Services Committee for his semi-annual monetary policy report to Congress.
In his opening statement to lawmakers, Warsh reaffirmed his commitment to vanquishing inflation that has plagued the Fed since 2021, taking a hardline stance on the price stability side of the institution’s dual mandate.
“Today, we are at a hinge point in history. It’s up to all of us to meet this moment,” Warsh said….
Fed’s Warsh Tells Congress Inflation Will Be ‘Thing of the Past’
