00:00Federal Reserve Chair Kevin Warsh told Congress he believes the recent era of high inflation will become a thing of
00:06the past if the Fed maintains the right monetary policy, while stressing the central bank has no tolerance for persistently
00:13elevated prices.
00:15He also pointed to the booming wave of artificial intelligence investment as a major force reshaping the economy, arguing that
00:22productivity gains could ultimately strengthen long-term growth.
00:26Even as the Fed monitors any inflationary pressures tied to the AI surge, Warsh stopped short of signaling where interest
00:33rates are headed next, saying the Fed remains focused on restoring price stability before making future policy moves.
00:39His testimony offered an optimistic outlook for the economy, but underscored that the fight against inflation is far from over.
