Warsh Says Inflation Isn’t Slowing, Vows to Reach 2% Target | Balance of Power

AI analysis

Federal Reserve Chairman Kevin Warsh, in his first major speech since taking office in May, said inflation is not meaningfully slowing and reiterated the central bank's commitment to its 2% target. Speaking at the Fed's annual conference on August 28, 2026, Warsh stated that policymakers must be confident inflation is moving toward the objective, otherwise they have 'work to do.'

Event

Federal Reserve Chairman Kevin Warsh warned that inflation is not slowing and vowed to return it to the 2% target during a speech at the Fed's annual conference.

People

Kevin Warsh

Organizations

Federal Reserve

Countries

United States

Topics

inflationmonetary policycentral bankinterest rates

From Bloomberg Podcasts

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF (http://bit.ly/3vTiACF). Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” In a sweeping speech, his first since becoming chairman of the central bank in May, Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fixed target. “Here is my standard: We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That’s our job,” Warsh said at the Fed’s annual conference in Jackson Hole, Wyoming, on Friday. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg International Economics and Policy Correspondent Michael McKee. Retired Army Brigadier General Leela Gray, Democratic Candidate for Florida's 13th Congressional District. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democra…