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Warsh to say Fed has 'no tolerance' for high inflation but provides no hints on next move
By CHRISTOPHER RUGABER, Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar)
· July 14, 2026
· 1 min read
WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh said in written testimony Tuesday the Fed will make high inflation “a thing of the past," yet provided no signal about the central bank's next steps. Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh will say when h...
Key takeaway Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh will say when he testifies at 10 a.
Why this matters in The Odessa
For Odessa residents, the Federal Reserve's stance on inflation has direct implications for their daily lives, particularly when it comes to the cost of living in the Permian Basin area. As the Fed aims to make high inflation a thing of the past, locals will be watching closely to see how this affects the prices of goods and services in their community. With the region's economy heavily influenced by the oil and gas industry, any changes in inflation rates could have a ripple effect on the local job market and overall economic stability. As Fed Chair Kevin Warsh testifies before a committee, Odessa residents will be waiting to see if the Fed's actions will bring relief to their household budgets and help maintain the area's economic growth. The Fed's next move will be closely watched in Odessa, where residents are eager to see the impact on their community's prosperity.
About this story
Original reporting by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh said in written testimony Tuesday the Fed will make high inflation “a thing of the past," yet provided no signal about the central bank's next steps. Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh will say when h...
When was this published? This article was first published on July 14, 2026 by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) and curated for The Odessa readers.
Who reported this story? This story was reported by CHRISTOPHER RUGABER, Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Odessa, or browse our daily briefing and topic hubs .
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