Fed Chair Kevin Warsh says strong economy can sustain growth with price stability

Federal Reserve Chair Kevin Warsh said the economy remains strong above all, while global geopolitical tensions are prompting companies to expand related investment activity. Warsh said the latest measure underscores the Fed’s commitment to controlling inflation and added that policymakers are closely watching advances in artificial intelligence and their effects on supply and demand. He said the work completed today, along with efforts that will continue going forward, is aimed at securing price stability and sustaining growth, adding that he does not believe achieving that goal requires damaging the labor market.