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 (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
CRUDE WRAP: WTI (N6) SETTLES USD 0.74 HIGHER AT USD 76.79/BBL; BRENT (Q6) SETTLES USD 0.59 HIGHER AT 79.55/BBL
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- Inflation framework review: 2% goal is Fed's long term goal objective, sees no reason until they reach 2% goal to revisit that goal.
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