Kevin Warsh: “A change in prices such that households and businesses don’t have to worry about it, don’t have to think about it”

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

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.

Independence is a two-way street. We let people that do trade policy and fiscal policy stay in their lane, too.

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