Federal Reserve Chairman Kevin Warsh said policymakers at the central bank have no tolerance for high inflation, reiterating a vow to tame price growth that has been elevated for five years.

The remarks underscore the Fed's determination to bring inflation back to its 2% target after a prolonged period of above-target readings. Warsh emphasized that the central bank will not hesitate to keep interest rates restrictive until there is clear evidence that price pressures are subsiding.

He warned that premature easing could reignite inflation and undermine the credibility of monetary policy. The chairman's comments come as recent data show inflation remaining sticky in services and shelter categories, complicating the path to price stability.

Market participants interpreted the statement as a signal that rate cuts are unlikely in the near term. Warsh's rhetoric aligns with other Fed officials who have stressed the need for patience and data dependence.