India, July 29 -- Federal Reserve Chair Kevin Warsh signalled a steadfast commitment to combating persistent price pressures during a tightly guarded press conference following the central bank's latest monetary policy decision. Speaking to reporters in Washington, Warsh defended the Federal Open Market Committee's choice to hold benchmark interest rates steady within the target range of three and a half to three and three-quarters per cent, emphasising that restoring price stability remains the absolute priority for the institution.

The press conference followed multiple days of closed-door deliberations where policymakers weighed cooling domestic employment metrics against renewed energy market volatility driven by international confli...