Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%

Fed Chair Kevin Warsh insists on the 2% inflation target and Fed independence, pushing back on expectations (including from Trump) for rate cuts.
He’s refusing to give forward guidance or preview rate decisions, keeping markets and observers guessing about the next move.
Warsh wants a “back to first principles” review of post-2008 policies, aims to use real-time data, and highlights AI’s potential impact on jobs and policy.