Warsh's Inflation Vow Falls Short of a Plan
Chairman Kevin Warsh of the Federal Reserve has vowed to end above-target inflation. However, critics argue that his promise does not explain how he plans to achieve this goal in the face of widespread upward pressure on prices.
Irwin Stelzer, a contributor to The Sunday Times, questions the feasibility of Warsh's promise, stating that it 'simply doesn't add up.'
Stelzer suggests that despite Warsh's claims, there is no clear plan in place to address the inflationary pressures that are currently driving prices upwards.