Federal Reserve Chairman Warsh; The Fed has "zero tolerance" for continued high inflation; Business investment is the most significant feature of the current economy; The U.S. economy is resilient and growing at a steady pace
Federal Reserve Chairman Warsh: The Fed has "zero tolerance" for continued high inflation. Business investment is the most significant feature of the current economy. The U.S. economy is resilient and growing at a steady pace. Consumption growth is moderate and the housing market continues to lag. AI opportunities pose challenges to policymakers. The impact of AI on inflation and the labor market is being monitored. The labor market is generally stable, with healthy nominal wage growth. (Wash did not comment on the interest rate outlook)