“Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. **The Committee will deliver price stability.”**
Trump doesn't like the idea of hiking up the rates, so maybe Warsh is gonna play the "wait and see" game for a while, depending on what happens after the midterms , and how much the inflation would go up.
Now the inflation is 4.2%.