Fed chair Kevin Warsh said the economy is solid and financial markets appear to
be functioning, but the housing market is uneven, partly because inf has
remained above the Fed’s target. He said maintaining price stability would help
and that the Fed’s goals of price stability and full employment are not in
conflict—better control of inf would make employers more willing to hire. Warsh
added the labor market has shown remarkable resilience, the Fed still has work
to do on inf, and it is not fearful of AI-driven productivity-led growth.
