Warsh's Tolerance for Inflation: Zero

Kevin Warsh assumed the role of Federal Reserve chair on May 22, taking charge of the committee that sets the Fed Funds Interest Rate.

According to a report from Yahoo Finance, Warsh has already made his stance clear on inflation. He responded to a question about the Fed's position with a firm comment described as having no tolerance for rising prices.

The current inflation rate in the United States is 4% in May and 3.5% in June, marking an acceleration compared to the previous two years.