Federal Reserve Chair Kevin Warsh holds things closer to the vest than his predecessors did. However, he has consistently reinforced a strong message since his first press conference in June. Warsh has reiterated on several occasions that inflation is emphatically not under control. At the most recent Federal Open Market Committee (FOMC) meeting on Oct. 29, 2026, the Fed held interest rates steady after previously increasing rates. But Warsh stated in the press conference after the meeting that Americans "are still dealing with inflation that has been running above the Committee's objective for close to 6 years." He added, "It's our responsibility to get inflation down." Later in the press conference, Warsh responded to a question by saying, "We will deliver price stability. No ifs, ands, or buts."
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