Fed Chairman Warsh Says Inflation Risks Have Come Down, Vows to Remain Independent

Summary

Fed Chairman Kevin Warsh stated that inflation risks have come down in recent weeks and that the central bank is recommitted to delivering price stability and the 2% target. He described the labor market as steady, demand as solid, and the supply side as strong. Warsh also emphasized the Fed's independence and said he expects no changes on that front regardless of political pressure.

• Fed Chair Warsh says inflation risks have decreased in recent weeks.
• He characterizes labor markets as steady, demand solid, supply side strong, with CapEx and productivity robust.
• He reiterates the Fed's dedication to price stability and the 2% inflation target.
• Warsh states that those expecting the Fed to be comfortable with above-2% inflation will be disappointed.
• He asserts the central bank's independence and says no changes are expected on that front.
• No named assets, sectors, or tradable instruments were mentioned.