Warsh: Inflation Still Too High, but the Fed Is Working on It
Fed Chair Kevin Warsh said inflation has barely moved toward the 2% target since May and that the central bank is still working on it. He gave no timeline.
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what happened
Federal Reserve Chair Kevin Warsh acknowledged that inflation has made little progress toward the 2% target since he took over the central bank in May, according to the Wall Street Journal. He added that the Fed is still working on it.
Warsh said bringing inflation down is not tied to a fixed date on the calendar, nor to a single data point. He did not set a timeline for lower inflation or offer guidance on the central bank's next steps.
The remarks were part of a Wall Street Journal live coverage event.
why it matters
The tone matters more than the words for markets. The Fed chair is not promising a quick return to 2% inflation, so rate expectations may stay cautious. Such a signal typically supports Treasury yields and the dollar, while stocks react to any shift in rate expectations.
market impact
US dollar and Treasuries: the Fed's cautious tone supports yields and the dollar
- US dollar pressure up — the Fed's cautious tone reduces expectations of quick policy easing
- US Treasuries pressure down — sustained high rates push yields up and bond prices down
tags
instruments
sources
- Warsh: Inflation Too High, but 'We're Working on It' — WSJ, 28 October 2026 at 18:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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