Fed Chair Kevin Warsh told the House Financial Services Committee he places
equal weight on the Fed’s employment and inf goals, reiterating he has
emphasized the latter since taking office. He said the Fed does not favor one
part of its mandate over the other and that price stability and full employment
are not mutually exclusive; he is committed to achieving both. When asked about
targeted measures to narrow Black-white unemployment and opportunity gaps, Warsh
said the U.S. must not leave anyone behind and that broad economic opportunity
is critical to growth over the next five to 10 years, meaning every American
needs the chance to be productive.
