Warsh promises Fed ‘regime change’ to eradicate five‑year inflation tax
Fed Chair Kevin Warsh called inflation an "unfair tax" and announced five task forces to overhaul communications, technology, the balance sheet, data and inflation modelling. He pledged a "regime change" in policy, saying the Fed will get monetary policy right and make the five‑year price surge a thing of the past. Markets will watch for tighter rates and new frameworks.