Fed Chair Kevin Warsh Says the Fed’s Dual Mandate Goals Do Not Conflict

Fed Chair Kevin Warsh said economic conditions were solid and financial markets appeared to be functioning well, while the housing market was mixed in part because inflation had remained above the Federal Reserve’s target. According to Jin10, Warsh said the Fed could help ease this situation by maintaining price stability. Discussing areas such as artificial intelligence, Warsh said the Fed was not afraid of growth driven by productivity gains. He also said the labor market had shown surprising resilience. Warsh said the Fed would focus on both price stability and maximum employment, and argued the two goals did not conflict. He said the better the Fed did at controlling inflation, the more willing employers would be to hire. “We still have work to do on inflation,” Warsh said.