Fed's Chair Warsh: I don't believe we have a cruel choice between full employment and stable prices

Fed's Chair Warsh: Fed can't have a significant effect on particular prices FED'S WARSH WARNS FED MUST ENSURE PRICE MOVES IN OIL, EGGS AND BEEF DO NOT BROADEN INTO WIDER ECONOMIC INFLATION. WARSH DECLINES TO COMMENT ON ANY INTERACTIONS WITH TRUMP SINCE CONFIRMATION Fed's Chair Warsh: The committee discussed productivity today, AI came up. AI is filled with a huge opportunity and risks. *WARSH: I DO SEE SOME RESTRICTIVENESS IN THINGS LIKE HOUSING *WARSH: HARD TO USE THOSE SAME WORDS ANYWHERE ELSE

Fed's Chair Warsh: There is one proposal on the table, very little discussion on it, and no discussion of any other proposals. We had a good family fight on it. Fed's Chair Warsh on Task Forces: We are not outsourcing decisions. Task forces will make recommendations. Fed's Chair Warsh: I am not going to offer commentary on market reaction today. We've given markets a new chapter for the Central Bank.

Warsh: "We've missed on inflation for five years and we're going to fix that" pic.twitter.com/zZXk0NN5zp Fed's Chair Warsh: Most data we consume have old-fashioned survey methods. Fed's Chair Warsh: I would be open-minded if the Fed data task force had recommendations on how to improve official statistics. Private companies are working with real-time information. Fed's Chair Warsh: I am open-minded, there are new analytic techniques, new private sector data, and reforms for official sector data. Fed's Chair Warsh: Markets perform best when reacting to incoming data. Financial markets act less efficiently when they are worried about how the Fed will react to the data.