US Federal Reserve chairman Kevin Warsh speaks during a press conference in Washington, DC, on June 17, 2026. Brendan Smialowski | Afp | Getty ImagesFederal Reserve Chairman Kevin Warsh pledged Tuesday to “get monetary policy right” and defeat the inflation that has bedeviled the central bank for the past five years.In remarks for delivery to separate congressional panels this week, Warsh reiterated his recent tough talk on inflation, while also touting the strength of the U.S. economy and benefits coming from business investment, particularly involving artificial intelligence.”Today we are at a hinge point in history. It’s up to all of us to meet this moment,” said Warsh, who speaks Tuesday to the House Financial Services Committee then the Senate Banking Committee on Wednesday.”The Fed’s number one objective is to get monetary policy right — or as near to it as we possibly can. That is our clear and constant aim, the star we steer by,” he added. “And if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past.”The remarks come just two months into Warsh’s term. Fed chairs are mandated to appear twice a year before Congress to deliver a monetary policy report then take legislators’ questions. Warsh takes over a Fed that has scene inflation exceed its 2% mandate since 2021. During his confirmation hearing earlier this year, the chairman called inflation “a choice,” and emphasized repeatedly the importance of bringing down the cost of living during his first news conference.Similar to his predecessor, Jerome Powell, Warsh noted that the persistently high inflation levels have “been an undue burden on American households and businesses” who have faced higher costs across the board, with the latest surge coming in good part from soaring energy prices.”While monthly price fluctuations are inevitable — especial …
