Marketplace · Tuesday, July 14, 2026
Federal Reserve Chairman Kevin Warsh indicated a potential shift in monetary policy, emphasizing a need for 'regime change' and 'new consideration of practices' to address persistent inflation. He stated the Fed plans to eliminate the 'tax' of 63 months of inflation above target and is 'just getting started' with this initiative, which will involve five task forces.
“The 63 months of inflation above target has been an unfair burden, it's been a tax on the American people and businesses. We plan on getting rid of that tax.”
“If that means we need a regime change in policy, and we need new consideration of practices, some of which have been working, some of which haven't. That's what we aim to do.”
“And, uh, we're just getting started.”