Warsh Vows to Hit 2% Inflation Target Amid Ongoing Concerns

US Federal Reserve Chairman Kevin Warsh warned that inflation is not slowing down and emphasized that policymakers must be confident in this assessment. Speaking at the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium, Warsh reaffirmed the central bank's commitment to returning inflation to its 2% target. He stated that if policymakers are not convinced that inflation is slowing, then 'we have work to do.'

Warsh made these comments in his first speech since becoming chairman of the Fed in May. He reiterated the importance of meeting the 2% inflation goal, which he described as a 'firm and fixed target.' The remarks come amid ongoing concerns about inflation and its impact on the US economy.