Warsh Backs 2% Inflation Target in First Press Conference as Fed Chair

Kevin Warsh held his inaugural press conference as Federal Reserve Chairman on June 17, 2026, reaffirming the Fed's 2 percent price stability target. His framing matters: the current framework, adopted in 2020, allows inflation to run above 2% to offset prior shortfalls. Whether Warsh narrows that asymmetric tolerance toward a stricter standard is still unclear—and will reshape the Fed's reaction function ahead.