https://vid.freedif.org/videos/watch/71468360-e4dd-47b2-bced-b31e02fc9667 The U.S.-Iran war has pushed consumer prices upward around the world. Federal Reserve Chairman Kevin Warsh has not been explicit about how the U.S. central bank will respond. But some of his most favored phrases provide a hint. CNBC's Steve Liesman reports. Chapters: 00:00 Introduction 00:50 Fed speak 03:12 Supply shocks 04:46 Outlook Reporter: Steve Liesman Produced and Edited by: Andrea Miller, Charlotte Morabito, Carlos Waters Animation: Jason Reginato, Christina Locopo Senior Managing Producer: Shawn Baldwin Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why Fed Chairman Warsh Says 'Inflation Is A Choice' Wed, 29 Jul 2026 23:46:52 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://vid.freedif.org https://vid.freedif.org/client/assets/images/icons/icon-1500x1500.png https://vid.freedif.org/videos/watch/71468360-e4dd-47b2-bced-b31e02fc9667 All rights reserved, unless otherwise specified in the terms specified at https://vid.freedif.org/about and potential licenses granted by each content's rightholder.