Kevin Warsh: “I’m not alone in noticing that forward guidance in 2021, to cite one example, might well have slowed the policy response…”

The plain fact is that inflation is too high, and has been for too long.

The Fed will have 'work to do' if price pressures do not ease.

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.