#FED CHAIRMAN WARSH'S STATEMENT SUMMARY (16/9/26):
1. Warsh says that the decision to raise interest rates was taken during a period when the economy is "strengthening"
2. Warsh states that he finds it "difficult" to describe financial conditions as "restrictive"
3. The view that conditions are not restrictive is "widely shared" by the FOMC
4. Warsh says that the Fed's dominant focus is on price stability
5. Warsh says that he did not offer a point for the Fed's dot plot
6. The Fed must be sure that "inflation is moving toward our 2% target"
The Fed is extremely committed to reaching 2% inflation.
1. Warsh says that the decision to raise interest rates was taken during a period when the economy is "strengthening"
2. Warsh states that he finds it "difficult" to describe financial conditions as "restrictive"
3. The view that conditions are not restrictive is "widely shared" by the FOMC
4. Warsh says that the Fed's dominant focus is on price stability
5. Warsh says that he did not offer a point for the Fed's dot plot
6. The Fed must be sure that "inflation is moving toward our 2% target"
The Fed is extremely committed to reaching 2% inflation.