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Benzinga
  • 2 hours ago
Kevin Warsh told the Senate Banking Committee he will prioritize controlling inflation and preserving Fed independence as he seeks confirmation as Federal Reserve chair. He did not commit to rate cuts. March CPI rose 0.9% month over month, pushing annual inflation to 3.3%. Markets are pricing little chance of near-term cuts. Warsh warned the Fed must stay within its mandate while resisting political pressure.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Kevin Warsh told the Senate Banking Committee he will prioritize controlling inflation
00:07and preserving monetary policy independence as he seeks confirmation as Federal Reserve
00:11Chair, according to his prepared remarks. He did not commit to rate cuts. Warsh stressed
00:17that inflation reflects policy decisions and stressed that maintaining monetary policy
00:22independence is essential. March CPI rose 0.9% month over month, pushing annual inflation
00:29to 3.3%, while core CPI reached 2.6% and consumer sentiment hit a record low. Markets now price
00:38little chance of near-term cuts and are shifting expectations toward fewer moves in 2026.
00:43Warsh said inflation is a policy choice and warned that the Fed must stay within its mandate
00:48while resisting political pressure from Trump and Congress. For all things money, visit Benzinga.com.
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