Fed Chair Kevin Warsh: FOMC Removes Easing to Restore Price Stability

According to Wallstreetcn, Fed Chair Kevin Warsh said the U.S. economy is strong, the labor market is in good shape, and the Federal Reserve does not believe it must hurt the labor market to achieve its goals, but inflation remains too high for too long and the FOMC lacks confidence that it is moving toward its 2% target. He said the FOMC decided to remove one dose of easing and focus mainly on price stability, while the rate hike decision showed firm consensus within the committee, the Fed is not providing forward guidance, and neutral rates had little operational impact on the decision.