US Fed chair says inflation has been 'too high' for 'too long'
By AFP
Chair of the Federal Reserve Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, July 29. AFP-Yonhap
WASHINGTON — Federal Reserve Chair Kevin Warsh said Wednesday that the U.S. central bank's main focus now is on inflation, in remarks shortly after its first rate hike since 2023.
"Our predominant focus is on the price stability side of our mandate. The plain fact is that inflation is too high, and has been for too long," he told a press conference.