AI TRENDS | Fed Chair Kevin Warsh Says Restoring Price Stability Was Central to June Meeting

Fed Chair Kevin Warsh said the Federal Reserve’s top priority is to get monetary policy right, or as close as possible, and that choosing the correct policy would make the inflation surge of the past five years a matter of history. According to Odaily, Warsh said he and his colleagues recognize that high inflation has been an undue burden on U.S. households and businesses. He added that, over a longer horizon, underlying inflation is largely determined by monetary policy. Warsh said the Fed remains firmly committed to restoring price stability, which he described as the core topic of its June meeting. He also said the most prominent feature of the current economy is business investment, noting that its rapid pace—appearing to accelerate—largely reflects data center construction and strong demand for AI-related equipment and software used in those facilities.