New Fed Chair Kevin Warsh is sounding the alarm on stubborn inflation, calling it a crippling tax on households and businesses—and demanding a “regime change” in policy to bring it down to the 2% target. Despite a slight dip to 3.5% in June, inflation remains far above goal, and Warsh’s push for aggressive action contrasts with the Fed’s current pause on rate hikes, which some fear could destabilize markets and slow growth. With the economy hanging in the balance, Warsh’s message is clear: it’s time for bold, decisive moves to restore stability.
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