Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation | Metals Mine

  • Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

    From apnews.com

    New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they’d be disappointed. We’re going to deliver price stability.” The Fed typically combats inflation by raising borrowing costs. When asked about Trump’s oft-repeated desire for lower rates, Warsh underscored the Fed’s independence from day-to-day ... (full story)

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nbfx
1 hr 56 min ago
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"Federal Reserve Chair Warsh emphasizes political independence"

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phntmzr0
4 hr ago
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So, what's the plan to bring down inflation other than raising rates & yields?

USD up,
SP500 down,
in my opinion.
Reply
Trader#63C7
2 hr 23 min ago
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A okay which showed to work and is attainable is domestic oil production.
In 2018-2019 (go research this), the US was a net exporter of oil, consumer prices were confortable and gas at the pump and diesel (used in transportation of EVERYTHING) was at a stable / low price.
We move towards this and inflation theoretically would ease and pricing pressure on transportation and in every corner of the economy, including consumer budgets would feel relief.

Chew on that, as an added bonus, less drama with Iran and the strait…

But what does and average dude with a business degree from a state school know????
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Trader#1322
4 hr ago
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How can he reduce inflation when he prints money after Japan intervened? Just stupid crap inflation will be higher at the end of the year than it is now
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