Kevin Warsh pledges Fed policy ‘regime change' to rid inflation ‘tax' on American people

• Warsh emphasizes a departure from predecessors, aiming to be his 'own man' and implement new thinking.
• He calls for a 'sea change' and a 'regime change' in monetary policy, including reforms in supervision and regulation.
• Warsh identifies 63 months of inflation above target as an 'unfair burden' and a 'tax' on Americans, committing to 'getting rid of that tax'.

Federal Reserve official Kevin Warsh discusses his distinct approach to monetary policy, advocating for a 'regime change' to address the 'unfair burden' of 63 months of inflation above target. He pledges to eliminate this 'tax' on American people and businesses through new considerations and reforms in monetary policy, supervision, and regulation.