Fed chair KEVIN WARSH said at a press conference the Fed can achieve a 2% inf
target and that the C.BANK is "clear and consistent" in its commitment. He
attributed current high inf to supply shocks. On forward guidance he declined to
give specifics but said policy appears to have restrained the housing market. He
called press conferences an effective communication tool for households and
businesses but did not commit to holding one after every Fed meeting.
