Fed has 'no tolerance' for high inflation, Warsh says
Fed has 'no tolerance' for high inflation, Warsh says

Fed has 'no tolerance' for high inflation, Warsh says

Kevin Warsh testified before Congress Tuesday for the first time since becoming chair at the Federal Reserve, vowing that the central bank has "no tolerance" for high inflation. His appearance coincided with the Consumer Price Index, which showed inflation slowed to 3.5% in June.

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