Inflation Will Be A Thing Of The Past- Kevin Warsh

RIA · Jul 17, 2026

Kevin Warsh delivered his first semiannual testimony to Congress earlier this week. In it, he used every opportunity to stress the urgency of returning inflation to the Fed’s 2% target. To wit, he stated, “Inflation will be a thing of the past.” He also said the Fed “has no tolerance for persistently elevated inflation.” The June CPI inflation report, showing a 0.4% decline in prices, was released 90 minutes before his House testimony on Tuesday. It gave Warsh room to sound determined without the need to promise immediate action via a rate hike. He made it clear that while the inflation data…