Fed Chair Warsh says he is dissatisfied with all inflation metrics

Federal Reserve Chairman Warsh, speaking at a Senate hearing on July 15, repeatedly expressed his dissatisfaction with the current inflation situation. He stated that recent price indicators do not fully reflect the underlying inflation picture. Warsh noted that while the labor market is quite strong, the outlook on prices is not optimistic. He added that he is unsatisfied with any price indicator and that the Fed would review its policy tools, including its balance sheet and interest rates, to determine if adjustments are necessary to combat inflation.