Federal Reserve Chairman Kevin Warsh has promised to eliminate inflation and restore price stability within the Federal Reserve. He made these promises to speak to congressional panels, stating that the central bank's primary aim is to get monetary policy right and defeat inflation. Warsh also highlighted the benefits of business investment, particularly involving artificial intelligence, and the strength of the U.S. economy. The remarks come just two months into Warsh's term. Wash takes over a Fed that has seen inflation exceed its 2% mandate since 2021. He has created five task forces to review the Fed's operations and is part of an extension of his promise to make a new chapter at the Federal Federal Reserve, an extension to his statement last year.