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Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.

“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This committee will deliver price stability.”

At the same time Warsh played down somewhat the projections from his colleagues showing nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut.

On this episode, guest hosts Christina Ruffini and Bloomberg's Emily Graffeo speak with:
Yelena Shulyatyeva, Senior US Economist at The Conference Board
Stuart Paul, Bloomberg Economics US and Canada Economist & Andrew Szczurowski, Strategic Income Portfolio Manager at Morgan Stanley Investment Management
Deborah Weinswig, CEO of Coresight Research

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.
&ldquo;Persistently high prices are a burden for the American people, but the recent past need not be prologue,&rdquo; Warsh said in his debut press conference as chairman. Officials &ldquo;are unambiguous and unanimous. This committee will deliver price stability.&rdquo;
At the same time Warsh played down somewhat the projections from his colleagues showing nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut.
On this episode, guest hosts Christina Ruffini and Bloomberg's Emily Graffeo speak with:
<ul>
<li>Yelena Shulyatyeva, Senior US Economist at The Conference Board</li>
<li>Stuart Paul, Bloomberg Economics US and Canada Economist &amp; Andrew Szczurowski, Strategic Income Portfolio Manager at Morgan Stanley Investment Management</li>
<li>Deborah Weinswig, CEO of Coresight Research</li>
</ul>

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Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Fed Edges Closer to Rate Hikes in Kevin Warsh's First Fed Meeting

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/17999ec0-ec4a-42e4-a992-b46c01616259/transcript