Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move

Federal Reserve Chair Kevin Warsh emphasized the Fed has 'no tolerance' for high inflation but did not indicate future rate decisions. Recent inflation data showed a 0.4% monthly decline, with core inflation remaining above the Fed's 2% target. The Fed's divided committee faces challenges in aligning on rate policy amid economic uncertainties and rising oil prices from Middle East tensions.