Warsh to Congress: Fed ‘Will Deliver” 2% Inflation, Given ‘Solid’ GDP, ‘Stable’ Job Market
– Downplays Soft CPI Report As ‘One Data Point’; Mustn’t ‘Cherry Pick’ – Balance Sheet Should Be Used Only in Crisis; Interest Rates Should Predominate – Refuses To Give ‘Forward Guidance’ On What FOMC Will Do with Rates By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Kevin Warsh stressed again Tuesday that the Fed’s […]