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00:02Federal Reserve Chairman Kevin Warsh on Tuesday called inflation an unfair burden
00:07and renewed his push for a regime change in central bank policy, according to CNBC.
00:14Warsh told the House Financial Services Committee that the Fed
00:17must restore price stability after inflation exceeded its 2% target since 2021.
00:22He said five task forces will review communications, technology, the balance sheet,
00:28economic data, and the Fed's approach to inflation.
00:32Warsh criticized the central bank's former flexible average inflation targeting framework
00:36and said monetary policy largely determines underlying inflation over time.
00:41He also described the U.S. economy as resilient
00:44and highlighted accelerating business investment in data centers, AI equipment, and software.
00:50Warsh will testify before the Senate Banking Committee on Wednesday.
00:54For all things money, visit Benzinga.com.
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