Warsh Says Two Parts of Fed's Mandate 'not in Conflict'

Fed Chairman Kevin Warsh uses his responses to questions from Rep. Pete Sessions to offer his views on the economy.

-- "The economy is solid, financial markets look like they're in good condition," but the housing-market picture is uneven, partly because of inflation that's been above the Fed's target, says Warsh. To alleviate that, the Fed can deliver on price stability, he says.

-- On the topic of sectors like artificial intelligence, Warsh says "we are not afraid of productivity-led growth."

-- "The labor market has been remarkably resilient," says Warsh. He says the Fed will focus on both price stability and full employment.

"The two parts of the mandate are not in conflict," he says, adding the more the Fed can do on inflation, the more employers are going to want to hire workers. "We've got some work to do on the inflation front."