“But what we can do, and will do, is ensure that any change in relative prices don’t broaden out, don’t have second and third-order effects on the economy. That’s what we’re tasked to do, and that’s what we will do.”

Kevin Warsh · said date not stated · reported 2026-10-28

Warsh said the Fed's task is to ensure changes in relative prices do not broaden into second and third-order economic effects.