Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

WASHINGTON – New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought.

In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they’d be disappointed. We’re going to deliver price stability.”

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Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation | Business

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