Kevin Warsh: “This committee will deliver price stability.”

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

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

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

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.