# Fed Chair Warsh remains noncommittal on inflation fight Interest rate uncertainty persists as inflation data is closely monitored. - **Source:** [Fortune | FORTUNE](https://brifing.si/source/769282ef-327a-4454-909a-3c7936216004) - **Published:** 2026-07-14 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/adbc8468-23a1-4e86-b59e-79fbfc331825 ## Fed's stance on inflation Fed Chair Kevin Warsh emphasized no tolerance for high inflation but gave no clear signal about rate hikes. Deep divisions exist among committee members, with some expecting rate increases by year-end while others favor holding steady or cutting rates. ## Latest inflation figures Inflation fell 0.4% in June, while core inflation remained flat. Annual inflation eased to 3.5%. While lower energy prices provided temporary relief, core inflation still runs above the Fed's 2% target. ## Middle East and oil impact Renewed conflict in Iran has pushed oil prices higher. Gas prices had fallen 20% from their peak but have recently shown an upward trend. Energy price volatility could complicate inflation control efforts. ## AI investment effects Massive AI infrastructure investments by tech giants like Google and Microsoft have driven up semiconductor prices. This could translate to higher electronics prices, creating upward pressure on inflation. The Fed is closely monitoring these developments. ## Political pressures and independence Warsh affirmed the Fed would maintain independence against potential interference attempts by Trump. He interpreted the Supreme Court's decision to keep Fed Governor Lisa Cook as affirming the institution's autonomy. ## Economic uncertainty continues Policy suggestions diverge among Fed officials: some raise the possibility of near-term rate hikes while others argue increases may not be needed if data remains stable. The economic outlook is changing rapidly. ## Sources covering this story - https://fortune.com/2026/07/14/kevin-warsh-fed-inflation-congress-divided-committee/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._