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1 hour ago

How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?

Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed's 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic.The 56-year-old Warsh, who served as a Fed governor from 2006 to 2011, will testify before the Senate Banking Committee as senators weigh his nomination to succeed current Fed Chair Jerome Powell, whose term leading the central bank is due to expire in May.Warsh offered an overview of how he views the price stability component of the...

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