Economy · Fed Chair Warsh · ArchiveFed Chair Warsh: 'Inflation Is a Choice' – Hard Line Could Hurt AmericansAired July 29, 2026 at 10:48 PM UTCWritten September 7, 2026 at 9:22 PM UTCRead the write-upThis storyTranscript · LOADING0:00Federal Reserve Chairman Kevin Warsh is0:02drawing a hard line on inflation,0:04telling CNBC that inflation is a choice0:06and that it's the central bank's0:08responsibility to control it. Warsh's0:10remarks signal a harder line against0:12price increases than some of his0:13predecessors have taken as the US-Iran0:16war pushes global consumer prices upward0:18through supply shocks. Warsh also says0:21the Fed is going back to first0:23principles as it weighs whether to raise0:24interest rates or look through temporary0:27war-driven disruptions. The unresolved0:29question is how aggressively the Fed0:31will act and any rate hikes are likely0:34to bring additional financial strain for0:35American households already coping with0:37war-fueled costs.Explore with HeyDexThe shortThe short ↗