Warsh’s Fight to Crush Inflation | Business and Finance News

Fed Chair Kevin Warsh hit the brakes on inflation hard on Capitol Hill, declaring it’s a choice the economy must make—and the Fed has zero tolerance for persistent price hikes. While he can’t control gas or groceries, he’s wielding interest rates and the balance sheet to stop inflation from spreading. Though he didn’t reveal the Fed’s next rate move, his testimony signaled a cautious, data-driven outlook shaped by recent oil shocks and long-term inflation trends. Warsh defended the Fed’s independence, brushed off political interference, and unveiled new task forces—including tech titans like Marc Andreesen—to tackle AI’s economic impact and improve policy tools. He also linked immigration to growth potential and insisted AI, despite fears of job loss, will ultimately boost U.S. productivity and wealth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e2e11f53bacb5fd1