{"id":4929,"date":"2026-07-14T15:06:41","date_gmt":"2026-07-14T15:06:41","guid":{"rendered":"https:\/\/bostonrelocationinsider.com\/?p=4929"},"modified":"2026-07-14T15:06:41","modified_gmt":"2026-07-14T15:06:41","slug":"warsh-says-fed-has-no-tolerance-for-high-inflation-but-provides-no-hints-on-next-move","status":"publish","type":"post","link":"https:\/\/bostonrelocationinsider.com\/?p=4929","title":{"rendered":"Warsh says Fed has \u2018no tolerance\u2019 for high inflation but provides no hints on next move"},"content":{"rendered":"
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WASHINGTON (AP) \u2014 Federal Reserve Chair Kevin Warsh said in written testimony Tuesday the Fed will make high inflation \u201ca thing of the past,\u201d yet provided no signal about the central bank\u2019s next steps.<\/span><\/p>\n

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Fed policymakers \u201chave no tolerance for persistently elevated inflation,\u201d Warsh will say when he testifies at 10 a.m. Eastern before a House committee. \u201cAnd we share a resolute commitment to restoring price stability.\u201d<\/span><\/p>\n<\/div>\n

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Yet about half of the 19 members of the Fed\u2019s interest rate-setting committee expect they will have to raise the central bank\u2019s key rate by the end of the year to defeat inflation, while nearly half have penciled in no change or even a rate cut. Warsh faces a stiff challenge in reconciling the divided committee while navigating a rapidly-changing economic outlook.<\/span><\/p>\n

In keeping with his stated policy of providing less guidance about the Fed\u2019s policies, he did not signal in his testimony whether rate increases would be necessary to combat inflation, which has reached 4.1%, according to the Fed\u2019s preferred measure, far above its 2% target. He will deliver the testimony to the House Financial Services Committee Tuesday morning and then face questions from committee members.<\/span><\/p>\n

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