Fed Chief Kevin Warsh declines to hint at July rate decision, but says inflation 'too high'
Federal Reserve Chairman Kevin Warsh , in comments Wednesday at the ECB Forum on Central Banking , declined to give any signal as to what the central bank may do at its meeting later this month, but did note that inflation was too elevated. "We're all in the price stability business, that might not be our only business, but if there was a common thing I heard over the last couple of days, it was open-mindedness on these questions of AI, open-mindedness on productivity, but we've all looked around, and we've seen that prices are too high," Warsh told CNBC's Sara Eisen during the panel in Sintra, Portugal. The new central bank leader also said some of the staffing for his five task forces that he unveiled last month to study the various functions of the Fed will be announced next week . "My hope, my aspiration, is that nine-12 months from now we're going to be using new technologies to understand what's happening in the real economy in a contempora...
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