Fed Chair Kevin Warsh vows to make 5 years of high inflation 'a thing of the past'

Warsh called inflation "a tax on the American people" in his first appearance before Congress as the central bank's leader

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Federal Reserve Chair Kevin Warsh pledged Tuesday to end what he called five years of excessive inflation, telling lawmakers that "the inflation surge of the last five years will be a thing of the past" if the central bank gets monetary policy right.

Warsh's appearance before the House Financial Services Committee was his first semiannual testimony before Congress since he became Fed chair in May. He described inflation as "an undue burden on American households and businesses" and said the Fed's rate-setting committee has "no tolerance for persistently........

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