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Warsh Signals Fed’s New Uncertainty | Durham News
New Fed Chair Kevin Warsh is shaking up the game with a bold new approach to monetary policy, ditching traditional forward guidance in favor of unpredictability. In his Capitol Hill testimony, he underscored that inflation has lingered above the 2% target for 63 months, stressing price stability without offering concrete rate hike signals. He hinted at tightening policy if inflation proves persistent across the economy—not just in one sector—and noted AI-driven cost spikes in chips and labor may be temporary as supply adjusts. Warsh also reaffirmed the Fed’s independence, dismissing political…
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