Kevin Warsh: “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…”

Short-term interest rates are the predominant tool the Fed can use to lower inflation.

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

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

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