Fed Chair Warsh Says Inflation Trend Has Not Meaningfully Improved, Calls for ‘Quieter’ Fed According to CNBC, Fed Chair Kevin Warsh said recent PCE and CPI readings were better than expected but did not show that underlying inflation trends had meaningfully improved.
He stopped short of signaling a specific rate path or policy reaction function, instead calling for a “quieter Fed” with less reliance on forward guidance and saying markets should not look primarily to the central bank for their next trade. — link