Kevin Warsh: “If inflation continues to be elevated through the forecast period, interest rates could well be part of that solution…”

In general, though, people who want to work, by and large, are holding or finding jobs.

There are always areas of concern in the labor market—for example, among recent graduates.

At the moment of truth, there are either reasons or results.

But what we can do and will do is ensure that any change in relative prices don’t broaden out, don’t have second and third order effects on the economy.