Harriet Torry

When pressed by Rep. Gregory Meeks (D., N.Y.) about whether the Federal Reserve chairman would cave to any presidential pressure over monetary policy, Kevin Warsh pledges to “follow the law and follow the data.” The Fed has to “shut the door and make the very best decision” at its policy meetings,

In an exchange with Rep. Warren Davidson, an Ohio Republican, Fed Chairman Kevin Warsh says his broader definition of price stability is a change in prices that households and businesses “don’t have to think about.” He noted that inflation made up the lion’s share of questions from lawmakers at Tue

Tuesday’s consumer-price index report, which showed overall prices declined 0.4% over the month in June due to a drop in gasoline costs, was “positive relative to expectations,” said Fed Chairman Kevin Warsh. But he added that on

The share of job seekers out of work for six months or longer is hovering near highest level in five years

Harriet Torry By most key metrics, the U.S. labor market is in fine shape: the economy has added jobs for four straight months, much improved from late last year , and the unemployment rate has drifted down to 4.2%.

Federal Reserve Chairman Kevin Warsh opened his press conference by reaffirming the Fed’s commitment to its 2% year-over-year inflation target. The committee is resolute on delivering price stability, Warsh said. Declining to provide forward guidance is “prudent” in these uncertain times, he said.

Fed Chairman Kevin Warsh told reporters that he doesn’t believe either part of the central bank’s mandate—maximum employment and price stability—“is generally at war with the other part.” “My judgement is: If and when we deliver on our remit, we’re going to be delivering on both prongs,” Warsh said

When asked about the three dissents at Wednesday’s meeting, Fed Chairman Kevin Warsh noted that he got his “good family fight”—but he welcomed robust debate as “the better way to get policy right, that’s our North Star.” “There was a large majority support” for the decision to hold rates, according

U.S. economic growth slowed in the second quarter, falling short of economists' expectations.

U.S. economic growth slowed in the second quarter, weighed down by rising imports to fuel the U.S. artificial-intelligence boom and decreased government spending.