워시 "인플레이션 급등 용납 안 할 것"...트럼프 압박엔 "내 할 일 하겠다" / YTN

Warsh: "Inflation Surges of the Past 5 Years Will Be a Thing of the Past" Warsh Emphasizes 'Fed Independence' Amid Trump's Pressure for Rate Cuts White House: "Respecting Fed Independence... Highly Appreciating Warsh's Capabilities" [Anchor] Kevin Warsh, Chairman of the U.S. Federal Reserve, emphasized his commitment to price stability, stating that he would not tolerate high inflation. While the White House stated that it respects the Fed's independence, it indirectly pressured for a rate cut by pointing out that prices are falling. Hong Sang-hee, correspondent in Washington, reports. [Reporter] Kevin Warsh, the U.S. Federal Reserve Chairman appointed by President Trump, appeared before a federal congressional hearing for the first time since taking office. At a hearing before the House Financial Services Committee, Chairman Warsh stated that the Fed would not tolerate high inflation. [Interview: Kevin Warsh / Chairman of the U.S. Federal Reserve] The members of the Fed share a firm determination to restore price stability and not tolerate consistently high levels of inflation. At the same time, he stated that the surge in inflation over the past five years would become a thing of the past. He emphasized that he would determine interest rate policy with price stability as the top priority. When asked what he would do if President Trump exerted pressure, such as demanding interest rate cuts, Chairman Kevin reiterated his intention to uphold the independence of the Federal Reserve. [Interview: Kevin Warsh / Chairman of the U.S. Federal Reserve] The Supreme Court has ruled that the Fed is independent in conducting monetary policy. If questions have been raised regarding this, the court has already reached a conclusion. (In that case, what would you do?) I would continue doing my job. Kevin Hassett, Director of the White House National Economic Council, stated that he highly values ​​Warsh's capabilities and respects the independence of the Fed. However, he indirectly emphasized the continued need for interest rate cuts, noting that President Trump's economic policies are succeeding, citing examples such as a significant drop in gasoline prices. [Interview: Kevin Hassett / Director of the White House National Economic Council] But there are indeed many signs that President Trump's policies are succeeding. For example, the price of medicines has fallen significantly. Thanks to the strengthening of the rule of law, auto insurance premiums have also dropped sharply. As international oil prices fell following the agreement on a memorandum of understanding to end the war between the U.S. and Iran, U.S. consumer price inflation rose 3.5% last month compared to the previous year, indicating a faster-than-expected slowdown. However, with the resumption of U.S. military attacks on Iran and renewed tensions surrounding the Strait of Hormuz, the market believes the possibility of the Federal Reserve raising interest rates in the second half of the year remains alive. This is Hong Sang-hee from YTN in Washington. Video Editing: Kang Yeon-oh YTN Hong Sang-hee ([email protected]) ※ 'Your Tip Becomes News' [KakaoTalk] Search for YTN and add the channel [Phone] 02-398-8585 [Email] [email protected] ▶ Original Article: https://www.ytn.co.kr/_ln/0104_202607... ▶ Send a Tip: https://mj.ytn.co.kr/mj/mj_write.php ▣ Subscribe to YTN YouTube Channel: http://goo.gl/Ytb5SZ ⓒ YTN Unauthorized reproduction, redistribution, and use of AI data are prohibited.