Federal Reserve Chair Kevin Warsh recently spoke to Congress about inflation. He stated that the Fed has no tolerance for high inflation that persists over time. Warsh expressed a commitment to making high inflation a thing of the past.
Warsh's testimony was his first to Congress. During the testimony, he did not provide any hints about the central bank's next steps. Further details about Warsh's congressional testimony are available from national news sources, including the Associated Press.
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