Name: Fed Chairman Warsh: 'We're Serious' About Price Stability
Uploaded: 2026-09-16T20:05:00Z
Duration: 1 min 24 s
Description: Chairman Kevin Warsh said the Federal Reserve's decision to raise interest rates shows the board is 'serious' about delivering on price stability and will do it on a timelier basis.

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Chairman Kevin Warsh said the Federal Reserve's decision to raise interest rates shows the board is 'serious' about delivering on price stability and will do it on a timelier basis. Photo: Jim Lo Scalzo/EPA/Shutterstock

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Chairman Kevin Warsh said the Federal Reserve's decision to raise interest rates shows the board is 'serious' about delivering on price stability and will do it on a timelier basis.

Fed Chairman Warsh: 'We're Serious' About Price Stability

You say today's policy action will support a timelier return to the committee's 2% target, and yet in the summary of economic projections, the median pushes the 2% target achievement out to 2029, another two years. And I'm wondering how you can square those two things.

One easy way to square that, Mike, is those aren't my forecasts. Those are the forecasts of my 18 colleagues, and I tried to represent them dutifully to you. My business is to not give forward guidance, but my commitment in June was to reaffirm to the American people, to anyone listening, that we will deliver price stability. My commitment in July was to say we wanna buy a little bit of time. We wanna evaluate what's happening across a range of dimensions. And what I said in Jackson Hole in August is we're committed to a discipline, not to a decision. Today's action starts to show we're serious about this, and we will deliver on the price stability objective. And as the statement said, we'll do it on a timelier basis. That's our decision. And when we continue our discussions over the course of the next several weeks and months, we'll have more to say about it, but I'm ill-prepared to prejudge those future actions.