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Fed Chairman Kevin Warsh responds to the market thinking he's hawkish. 🦅

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Fed Chairman Kevin Warsh responds to the market thinking he's hawkish. 🦅

Transcript

20 segments

0:00

So, the market was right to interpret

0:01

your first news conference as hawkish.

0:03

>> Nice try.

0:04

>> Yeah, I I I'm not I'm not I'll say this,

0:07

inflation risks have come down, but if

0:10

there were people in household or the

0:12

business sector in the financial markets

0:14

who thought that this central bank was

0:17

going to be comfortable with an

0:19

inflation objective above 2%, well, I

0:21

guess they'd be disappointed. We're

0:23

going to deliver price stability in the

0:24

US. That's what this committee has

0:27

signed up to do, and our objective is to

0:29

do that. The tactics, the strategy, and

0:31

the rest, that's still to come.

0:33

>> No matter what the president wants.

0:35

>> We've been an independent central bank

0:36

for a very long time, and you're going

0:38

to see no changes on that.

Interactive Summary

In this exchange, the speaker discusses the central bank's commitment to maintaining an inflation objective of 2% to ensure price stability in the United States, while firmly asserting the institution's independence from political influence.

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