Warsh Says Fed Has 'No Tolerance' for Persistent Inflation

Fed Chair Kevin Warsh told the House Financial Services Committee that policymakers have no tolerance for high inflation. The message is hawkish, implying continued pressure on policy to curb inflation, which can weigh on rate-sensitive assets despite no new data or policy action being announced.

Analysis

Fed Chair Kevin Warsh told the House Financial Services Committee that policymakers have no tolerance for high inflation. The message is hawkish, implying continued pressure on policy to curb inflation, which can weigh on rate-sensitive assets despite no new data or policy action being announced.