Steve Moore: Kevin Warsh Needs to Get the Inflation Rate Back to 2% Target as Quickly as Possible

EXCERPT:

MOORE: “By the way, I do not envy Kevin Warsh's situation. I mean, he's coming in to a situation that is very dicey in terms of those inflation rates that have been rising, obviously because of the higher price of oil. And Mohammed was right that that is now seeping into the price of other things, like you just showed beef. So I just don't see the case for it right now, Stuart. And look, the most important thing for Kevin Warsh right now -- and again, he's coming into a very tough situation -- is to get that inflation rate back down to the 2 percent target as quickly as possible. And unfortunately, a rate cut right now would probably conflict with that. So I'm in the camp of standing. I'm not for a rate increase, but I would hold off on a rate cut.”