US Federal Reserve Chair Kevin Warsh on Tuesday committed to tackling stubborn inflation in hawkish comments that investors took as a signal borrowing costs are likely to stay higher for longer. Warsh sidestepped questions about whether the Fed would raise rates, even though lawmakers pressed him. But he again emphasized the Fed’s goal of price stability and dismissed a cooler-than-expected inflation report as “just one datapoint,” adding that he doesn’t want to “cherry-pick data.” “There might be some that look at this morning’s data and say, ‘Oh, mission accomplished, everything is swell,’” Warsh said at a House ... (full story)