Warsh Vows to Tackle US Inflation with Monetary Restraint

The new Federal Reserve Chair, Kevin Warsh, has set his sights on reviving an era of monetary restraint. In a statement, he emphasized that members of the committee have 'no tolerance for persistently elevated inflation.'

Warsh notes that there is a widespread perception that inflation in the United States is closely connected to the war in Iran. However, he argues that this view is misplaced and that the issue with inflation goes back decades.

The problem of inflation has deeper causes than Middle East turmoil and oil prices, according to Warsh. He is determined to address these underlying issues and bring down the inflation rate.