Federal Reserve Chairman Kevin Walsh said that central bank policymakers will never tolerate high inflation. He once again reaffirmed his determination to control the rise in prices, because the problem of rising prices has been going on for five years. In a speech released by the Federal Reserve, he said, “Our committee members will never tolerate continued high inflation.” “We are all determined to restore price stability.” “If we can make the right policies — and we definitely can — then the inflation problem of the past five years will be history.” Walsh's speech was prepared before the release of the US CPI data for June.

Federal Reserve Chairman Kevin Walsh said that central bank policymakers will never tolerate high inflation. He once again reaffirmed his determination to control the rise in prices, because the problem of rising prices has been going on for five years. In a speech released by the Federal Reserve, he said, “Our committee members will never tolerate continued high inflation.” “We are all determined to restore price stability.” “If we can make the right policies — and we definitely can — then the inflation problem of the past five years will be history.” Walsh's speech was prepared before the release of the US CPI data for June.