@cspanofficial: Federal Reserve Chair Kevin Warsh said he remains committed to combating inflation and that the central bank under his leadership will remain independent from political influence. "We've all looked around and we've seen that prices are too high, and I don't think I'm the only one on this stage that's recommitted to deliver price stability," he said Wednesday at the European Central Bank's annual forum in Sintra, Portugal. The new Fed chair said inflation risks have declined in recent weeks but that the central bank still has more work to do to bring inflation down to its 2% target. Inflation surged in May to its highest level since early 2023, largely driven by increased fuel costs tied to the Iran war. The consumer price index (CPI) rose 0.5% in May after increasing 0.6% in April, putting the annual inflation rate at 4.2%. Still, Mr. Warsh, who called for lower rates while campaigning for the Fed chair position, echoing President Trump's long-standing demands, declined to signal whether policymakers will raise interest rates. "We're going to give price stability in the U.S.," he said. "That's what this committee has signed up to do, and our objective is to do that. The tactics, the strategy and the rest, that's still to come." "No matter what the president wants?" the moderator asked. "We've been an independent central bank for a very long time," Mr. Warsh replied. "And you're going to see no changes on that." #Warsh #federalreserve #cspan

porter19708 :

Just more talk

mike :

he is alot better then I expected

username1985 :

I don't believe him! 🤨🤨

Hofo :

Was that the sound of the president throwing his phone?

Dimitar :

So we’re not there yet, despite what Trump is saying that things are already perfect ?

midwesterngrammy 🇵🇷 🇵🇷 :

"But I'll say this:" is their tell that they're going to lie. Vance does it, too. 🤦‍♀️

FredLA :

Some please remind him of how he spoke when he was a candidate. The tone & the commentary has been shifted. It’s be a just appropriate to remind him of that fact.

Mase :

Im so happy

DannyT :

How have inflation risks come down? Tariffs are going, Iran war going…

user2457743786620 :

jb7374746467 :

Hmmmm……..

Gina :

Does he care if Trump yells at him?

Tired of it :

He’s setting it up to do exactly what Trump tells him. 🙄

user5040368619381deanna watch :

he will be scandeling money soon

Andy :

Ketchup on the White House walls in 3,2,1…

RockLax13 :

It’s time for Volcker/Warsh Shock!!!

shaf :

The fed is a scam

Wall Street RealTy Report :

Committed may be the answer to high prices!🥂

Laney :

The guy seems thoughtful, but I'm suspicious of anyone working for Trump. I'll keep an open mind.

ronstimpson332 :

You just refuse to acknowledge the fact that budget deficits directly cause inflation!! So with 6% budget deficit to GDP our inflation rate will be somewhere below 6% because we will have some productivity!!

Jimmy D :

😎😎😎

Martin Forex 📊 :

✅

miriani :

🥰🥰🥰

KokoMoko :

😂😂😂