Fed Chair Warsh vows to fight inflation even as new CPI report shows 3.5% rise

By: Ashley Murray

Outlets: DC Bureau (States Newsroom)

Published: July 14, 2026

Words: 841

Last Updated: 1 week ago

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WASHINGTON — Federal Reserve Chair Kevin Warsh promised Tuesday to “put these years of high inflation behind us” and lower prices, including mortgage rates, for everyday Americans as inflation remains at the highest level in two years.

Warsh appeared before lawmakers on Capitol Hill just after the government’s latest monthly inflation data showed a slight drop, led by falling gas prices as the war in Iran cooled.

But routine costs like food and fuel remain 3.5% …

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