Kevin Warsh: “I think being somewhat more circumspect in our communications, at least for me, is a better way of calling balls and…”

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.

Inflation data are more concerning than trends on the job market.

Part of the independence of the Federal Reserve is we stay in our lane.

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