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

Federal Reserve Chair Kevin Warsh has committed to battling high inflation, which is currently at its highest level in two years, with a 3.5% rise in the Consumer Price Index (CPI). Despite this, Warsh assured lawmakers on Capitol Hill that the Fed is determined to bring down prices, including mortgage rates, for everyday Americans. This commitment underscores the Fed's ongoing efforts to stabilize the economy and restore consumer confidence amid persistent inflationary pressures.