Vance set to take part in White House meetings as departure for Pakistan remains unclear - CNN

WARSH: TARIFFS NOT WHY INFLATION IS RUNNING HIGH Fed Chair Nominee Warsh: My broad sense is inflation risk has improved somewhat. Fed Chair Nominee Warsh: The data being used to judge inflation is quite imperfect. Fed Chair nominee Warsh: Limited time to reduce inflation. FED NOMINEE WARSH Q&A: FED'S CHANGED INFLATION FRAMEWORK SOMEWHAT CAUSED INFLATION SURGE; GAS, BEEF, EGGS, MILKS PRICES HURT WHEN THEY MOVE UP #Warsh #FederalReserve #economy

Fed Chair Nominee Warsh: The economy is close to full employment now. Fed Chair Nominee Warsh: I prefer using interest rates as the dominant force; if we were to cut rates, a broader range of people would benefit. Fed Chair Nominee Warsh: Told Trump using rates is better than buying bonds. WARSH: TOO MANY FED OFFICIALS OPINE ON RATES IN ADVANCE || WE DON'T KNOW THE STATE OF AI, GEOPOLITICS || RATES NEED TO BE BASED ON BETTER DATA, FORWARD LOOKING WARSH: NEED DEBATE INSIDE FOMC || TEND TO FAVOR MESSIER MEETINGS, FAMILY FIGHT

WARSH: SMALLER BALANCE SHEET WOULD MEAN RATES COULD LOWER, INFLATION BETTER, ECONOMY STRONGER WARSH: IF FED KEPT SMALLER BALANCE SHEET, RATES COULD BE LOWER Fed Nominee Warsh: Outside Of MonPol, Fed Should Work With Government - Likely To Happen Going Forward *WARSH: HAVEN'T FIXED A PARTICULAR NUMBER FOR BALANCE SHEET SIZE *WARSH: FED BALANCE SHEET SHOULDN'T BE HOLDING LONG-TERM ASSETS