Warsh promises inflation will be a 'thing of the past,' cites benefits of AI investment boom

Calling inflation an "unfair burden," Federal Reserve Chairman Kevin Warsh on Tuesday reiterated his call for "regime change" at the central bank.

"It has been a tax on the American people and businesses. We plan on getting rid of that tax," he said. "That means we need a regime change in policy, and we need new consideration of practices, some of which have been working, some of which haven't."

In remarks for delivery to separate congressional panels this week, Warsh ramped up his recent tough talk on inflation , while also touting the strength of the U.S. economy and benefits coming from business investment, particularly involving artificial intelligence.

He highlighted the five task forces he has created to look at all aspects of how the Fed conducts business. The panels will examine the communications, technology, the balance sheet, economic data the Fed employs and the way it looks at inflation.