Fed's Warsh Vows to Hit 2% Inflation Target

Federal Reserve Chairman Kevin Warsh warned inflation isn't meaningfully slowing and said policymakers must be confident it is, otherwise the central bank has 'work to do.' He spoke at the Fed's annual conference in Jackson Hole, Wyoming, reiterating the Fed's commitment to its 2% inflation target. The remarks underscore the central bank's cautious approach to easing monetary policy.