Fed Reaffirms Commitment to Price Stability Amid Economic Resilience

The Federal Reserve under Chair Kevin Warsh is maintaining its commitment to price stability. According to prepared comments from the Fed Chair, the economy has shown 'impressive resilience' despite recent shocks.

In a press conference ahead of the Fed's decision, Warsh stated that the committee remains resolute in delivering price stability. He emphasized that there is no soft target for inflation, only one target: 2%.

The Fed Chair also acknowledged the difficulty in curing high inflation in a short period, saying 'inflation cannot be cured in 9 weeks.' Warsh expressed confidence in the committee's ability to deliver stable prices, citing strong growth in investment as a key factor.