How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?

SITREP: Fed chair nominee Kevin Warsh is scheduled to testify before the Senate Banking Committee regarding his views on the central bank's inflation goals. He has indicated support for a range-based approach to managing inflation targets. TACTICAL ASSESSMENT: Warsh's support for a range-based inflation target may suggest a shift in monetary policy strategy, potentially allowing for more flexibility in response to economic fluctuations. This approach could influence market expectations and the Federal Reserve's future actions regarding interest rates. PROJECTED VECTORS: Following his testimony, there may be increased discussions among policymakers regarding the adoption of a range-based inflation target.