Prof G Markets · Wednesday, July 15, 2026
New Federal Reserve Chair Kevin Walsh has signaled a hawkish stance on inflation, stating that the recent CPI drop does not mean 'mission accomplished.' Walsh emphasized 'price stability' multiple times, leading investors to believe he is serious about combating inflation, which may influence future interest rate decisions.
“Kevin Walsh, new Fed chair, spoke to Congress, he said the CPI drop does not mean quote mission accomplished on inflation.”
“He seems to be a lot more hawkish than people expected.”
“I've been surprised that how, as you say, hawkish he has been.”
“You know, going back to the FOMC meeting, the policy making committee meeting, he used the word price stability several times. You know, and convinced investors that he's serious about that.”
“And if you look at inflation expectations, you know, what bond investors think inflation will be in the future, they came back down to where they were prior to the Iran war.”