New Fed Chair Kevin Warsh Promised a Policy "Regime Change" to Defeat Inflation When He Took Over in January 2026. Has He Delivered?
Both the data and consumers' daily experiences indicate that inflation remains elevated.
Overview
New Federal Reserve Chair Kevin Warsh initially promised a "regime change" at the central bank to conquer inflation. A bit more than 100 days into his tenure, the Fed is changing, with a new set of communications policies that leave the market with fewer signals about what to expect.
But the Fed's preferred gauge of inflation, the personal consumption expenditures (PCE) price index, rose 3.7% in the year through July 2026, casting doubt on the idea that inflation is trending toward the institution's long-term target of 2%. So has Warsh delivered on what he promised?
Image source: Official White House photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.