Fed chair Kevin Warsh said on Wednesday that inflation expectations and inf risks have eased in recent weeks and reiterated the Fed’s commitment to returning inf to its 2% target. He warned that if households, businesses or financial markets expect the Fed to tolerate inf above 2% they will be disappointed and said the Fed will ensure the U.S. achieves price stability.

2026-07-01

Fed chair Kevin Warsh said on Wednesday that inflation expectations and inf risks have eased in recent weeks and reiterated the Fed’s commitment to returning inf to its 2% target. He warned that if households, businesses or financial markets expect the Fed to tolerate inf above 2% they will be disappointed and said the Fed will ensure the U.S. achieves price stability.