Kevin Warsh reiterated the Fed's commitment to its 2% inflation target

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“For some households, businesses and market professionals, five years of high inflation have left a mistaken impression that’s hard to shake that the Fed’s implicit inflation target was somehow above 2%,” he said. “Let me reiterate: There is no soft inflation target. There is no soft implicit target, not on this committee’s watch. There’s only a target, and it’s 2%.”