Fed Chair Warsh: We recognize that inflation has been running "well ahead" of 2%

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Economic activity expanding at a solid paceMembers are unanimous that this committee will deliver price stabilityThe statement just gives you the factsConfirms that he didn't submit dot plot projections, but encouraged others to continue to do soForward guidance not well suited to current environmentAfter saying the line about delivering price stability, he paused for effect. That's a strong signal and it's certainly hawkish.Set up task forces on:ProductivityInflation frameworkCommunicationsData sourcesJobs and Fed frameworkBalance sheet policyTask forces will be supported by staff and propose changes, including on the SEP This article was written by Adam Button at investinglive.com.