Fed Chair Warsh's Statements on Rate Hike and High Inflation
Following the 25 basis point policy rate hike, US Federal Reserve Chair Warsh emphasized in his statement that inflation is very high.
US Federal Reserve Chair Warsh held a press conference following the FOMC's decision to raise the policy rate by 25 basis points, stating that their primary focus is price stability and that inflation has remained above target for too long.
Rate Hike and Economic Outlook
US Federal Reserve Chair Warsh held a press conference following the Federal Open Market Committee's decision to raise the policy rate by 25 basis points.
Stating that this decision by the bank comes at a time when the US economy is seen to be strengthening, Warsh noted that indicators such as hiring and capital investments are progressing positively.
Emphasis on the Fight Against Inflation
Stating that the Fed is in a good position regarding employment, Warsh expressed that inflation, however, has stayed above target for more than 5 years.
Stating that their main focus is on price stability, Warsh emphasized that inflation is very high and has remained that way for too long.
Risks and Future Decisions
Stating that inflation risks are skewed to the upside, Fed Chair Warsh expressed that risks regarding the labor market are following a roughly balanced course.
Warsh added that he is not in the business of forward guidance and will not prejudge their future decisions in advance.