Fed Chairman Warsh Seeks to Calm Elevated Inflation Concerns

In a high-profile speech, Kevin M. Warsh said the Federal Reserve was chiefly responsible for taming inflation. If price increases do not return to the central bank’s target quickly, “we have work to do,” he said.Kevin M. Warsh, the Federal Reserve chairman, left, used a closely watched speech in Jackson, Wyo., to assure the public that the central bank is committed to tackling inflation.