Washington, United States, July 29, 2026 (AFP) - US Fed chair says no 'magic wand' to achieve inflation target

NAMPA / AFP

2026-07-29

US Federal Reserve Chair Kevin Warsh vowed Wednesday that the central bank will restore price stability but said there is no "magic wand" to return inflation to its target. "We are on the job. We will deliver," Warsh said of the need to lower inflation back to the Fed's two percent target. "But the suggestion that we're going to be able to do it with our magic wands is one I want to disabuse you and everyone else of." aha-jmb/msp ...

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