Fed Shifts Focus to Inflation Control Amid Rising Prices

The US Federal Reserve is shifting its focus to inflation control, according to Chair Kevin Warsh. Speaking at a press conference following the central bank's first interest rate hike since 2023, Warsh emphasized that 'inflation is too high, and has been for too long.'

The Fed's primary concern is now price stability, as it works to address the ongoing inflation issue. This marks a significant shift in priorities for the Federal Reserve, which has traditionally balanced monetary policy with employment goals.