Kevin Warsh: “The Fed's predominant focus right now should be on prices”

Too many categories are still posting increases above 3 percent on both a six and 12-month basis.

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

I believe optimistically — you might think naively — at least in the United States, we’re going to come out of this stronger with a more durable economy, more capable of leading the world on economic growth.

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