Kevin Warsh: “Here is my standard: we must be confident that underlying inflation is moving to our objective, clearly and at…”

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

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.

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

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