Warsh Signals Shift in Tone on Inflation and Financial Conditions

US Federal Reserve Chair Kevin Warsh reiterated his concerns about inflation and financial conditions in a recent press conference, following the Fed's decision to increase the policy interest rate target.

In a departure from previous themes, Warsh emphasized that inflation has been too high for too long and that he would be hard pressed to describe broad financial conditions as restrictive.

This marks a shift in tone from Warsh's speeches prior to his ascension to Fed Chair, where he emphasized different themes.