New Fed Chair Pledges Regime Change to Fight InflationHeres What That Could Mean in Practice

Newly confirmed Federal Reserve Chair Kevin Warsh, pledging new tactics to fight inflation, faces an uphill battle to keep rising prices in check. At his April 21 Senate confirmation hearing, Warsh called for “a regime change in the conduct of policy” at the Fed under former chair Jerome Powell, whose tenure saw annual inflation exceed 8 percent during the Biden administration and has failed since 2021 to keep inflation below its target.