Warsh Pressed to Clarify Inflation Commitment
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- Kevin M. Warsh, chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.
- Warsh's latest public appearance set off a bout of market volatility, per the source.
Why it matters: When a Fed chair's own remarks produce volatility and leave his inflation stance ambiguous, every subsequent appearance risks the same reaction until he resets the signal — markets are now pricing his credibility, not just his policy.
