Fed Chairman Warsh: Inflation risks declining, AI to create jobs

Kevin Warsh also declined to give any clues about the Federal Reserve’s next moves on interest rates.

Federal Reserve Chairman Kevin Warsh said Wednesday that inflation risks have declined in recent weeks but that the central bank still had more work to do to rein in rising prices.

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“Inflation risks have come down,” Warsh said, noting that “energy prices have come down quite substantially” since the United States and Iran signed a memorandum of understanding to end the ongoing war last month.

“They’re still a bit above where they were pre-conflict, but they’ve come down,” he said.