Key takeaways from Fed President Kevin Warsh’s remarks: 🔸 Inflation remains too high. Our priority is to bring inflation down. 🔸 The Fed will not accept an inflation target above 2%. 🔸 Volatility in financial markets is not surprising to us. 🔸 We are prepared to act when necessary, as we have demonstrated in the past. 🔸 We need more data to make the right decisions on monetary policy. 🔸 The U.S. economy is expected to grow by more than 3% in the third quarter. 🔸 Business investment is likely to rise at double-digit rates. 🔸 We believe the Fed should hold eight meetings per year. 🔸 The FOMC meeting schedule will be adjusted next fall. 🔸 One of the meetings will be dedicated to long-term strategy rather than interest rate decisions. 🔸 Starting in 2028, interest rate decisions are expected to be made at six meetings per year.