Fed Chair Warsh (Q&A): Has capability and commitment to deliver price stability and 2% goal

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Fed Chair Warsh (Q&A): Asked about dot plot, thinks colleagues understand the world is changing quickly, did not feel bound by their dots. Did not hear a lot of conviction on dot plots

Fed Chair Warsh (Q&A): Asked about how restrictive policy is, says "it is uneven", perhaps due to different transmission mechanisms

Fed Chair Warsh (Q&A): Has capability and commitment to deliver price stability and 2% goal

Fed Chair Warsh (Q&A): Timeline of task force reviews will depend on which topic, expects to begin work in next couple of weeks, hopes to be concluded by year-end on all points

Fed Chair Warsh says goal is to get monetary policy right, this committee will deliver price stability; Inflation is well ahead of 2%, persistently high prices are a burden

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  • Stresses Fed will deliver on 2% inflation goal. 
  • Reiterates we have dropped forward guidance. 
  • Can not give forward guidance on what they will do next. 

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