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

Federal Reserve Chair Kevin Warsh has pledged to tackle inflation, which has hit a two-year high at 3.5%, and promised measures to reduce everyday costs like mortgage rates. This commitment comes amid growing concern over sustained price increases, impacting consumer spending and economic growth. Warsh's vow underscores the Fed's proactive stance in addressing inflationary pressures, signaling potential shifts in monetary policy to stabilize prices.