USA: Warsh Sees Easing Inflation Risks, Sticks to 2% Target Goal.

Inflation risks have eased in recent weeks, but the US central bank remains committed to restoring inflation to its 2% target, Federal Reserve Chair Kevin Warsh said at the ECB’s Sintra Forum. Warsh stressed that delivering price stability remains the Fed's primary objective, while underscoring policymakers' independence in setting monetary policy and rejecting any suggestion that political pressure would influence their decisions. The Fed chief reiterated that the central bank will no longer provide traditional forward guidance on future interest-rate decisions, signaling a shift in its communication approach. He declined to comment on the outlook for the upcoming policy meeting, saying policymakers would instead assess incoming data before determining the appropriate course of action. Last month, the Fed held rates steady but signaled growing support among officials for additional hikes later this year as inflation remains elevated.