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Kevin Warsh has homed in on three key phrases. How Fed watchers interpret them

CNBC

BusinessCNBC·Jul 22, 2026·1 min read

Kevin Warsh has homed in on three key phrases. How Fed watchers interpret them

In five public appearances, Warsh has used the phrase "family fight" 13 times, returning to "first principles" 11 times and "inflation is a choice" for the Fed six times.

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