Warsh: One-time change in prices isn't necessarily inflationary

WARSH SAYS INTEREST RATES SHOULD BE THE MAIN FOCUS OF MONETARY POLICY. WARSH WANTS POLICY CHOICES TO INFLUENCE BALANCE SHEET MANAGEMENT. Fed's Chair Warsh: Balance sheet should be as small as possible, and can expand when there's a crisis. Fed's Chair Warsh: I would like us to have a leaner, meaner balance sheet. FED CHAIR WARSH Q&A: DON'T WANT TO SHARE COMMUNICATIONS WITH TRUMP; WILL SHARE FUTURE NOTICES OF COMMUNICATIONS WITH TRUMP PER LAW; NO TRUMP PRESSURE ON MONPOL SO FAR #Warsh #FederalReserve #economy

Fed's Cook: It is prudent to wait ‘a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon'. Fed's Cook: Since last summer there has been a notable shift in risk towards higher inflation and away from the job market, which appears stable. Economic Outlook Thank you, Paul, for that kind introduction. I am honored to speak with you and all who have joined us here today.1 Persistently elevated inflation imposes an unacceptable burden on American families, and it is the Federal Reserve's responsibility to restore price stability. As a monetary policymaker, this challenge is top of mind for me. I am watching both sides of our dual mandate—price stability and maximum employment. However, as I have stated at several points this year, the risks from high inflation concern me more at this time.2 Even though this week's consumer price index and producer price index reports were softer than expected, they still imply that the price index we target rose 3.7 percent in the 12 months through June. That is 1.7 percentage points above our 2 percent target. We have not reached our 2 percent target in more than five years. To contextualize my views on the dual mandate, I would like to give you a broader sense of my economic outlook and discuss recent developments in monetary policy.

Iran Parliament Speaker Ghalibaf: Iran To Use Diplomacy Alongside Defense Stance - IRIB - Iran Must Be Ready For War To Protect Interests pic.twitter.com/sM0W4Boc9N Iran's Parliament Speaker Ghalibaf: No reason to honour MOU if it brings no benefit.