Warsh: FOMC Is Not Confident Inflation Is Moving Toward Target

Odaily News: Federal Reserve Chair Warsh stated that the FOMC is not confident that inflation is moving toward the target level, and the current policy focus remains on the inflation side of the Fed's mandate.

Warsh said that at the July meeting, the FOMC unanimously agreed that inflation remains too high and expressed willingness to take action. In addition, Warsh did not submit a dot plot this time.