Kevin Warsh: Fed will not be comfortable with inflation above 2%

Federal Reserve Chair Kevin Warsh doubled down on the central bank's commitment to bring down inflation in his first comments since his inaugural press conference two weeks ago.

"We've all looked around, and we've seen that prices are too high," Warsh said on a panel in Sintra, Portugal, at the European Central Bank forum on central banking.

"If there were people in the household or the business sector and the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they'd be disappointed. We're going to deliver price stability in the US."

Warsh, however, noted that expectations of inflation over the first four months of the period have come down, as have inflation risks. When asked whether the central bank will do what it needs to rein in inflation regardless of President Trump's desire for low rates, Warsh said, "We've been an independent central bank for a very long time.  We're going to be an independent central bank at this moment, and you're going to see no changes on that."

Warsh made a splash two weeks ago when he came out markedly more hawkish than markets expected, affirming the Fed's commitme

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/policy/article/kevin-warsh-fed-will-not-be-comfortable-with-inflation-above-2-183000837.html)