[Federal Reserve Chair: Current U.S. Inflation Levels Remain Too High] Kevin Walsh, Chair of the U.S. Federal Reserve Board, stated on July 1 at the European Central Bank's Central Banking Forum in Portugal that current U.S. inflation levels remain too high. He reiterated that the Federal Reserve's priority is to ensure price stability. Walsh said the Fed will 'pave a new policy path,' but did not provide further details. He also avoided addressing whether there would be a rate hike at the July monetary policy meeting, emphasizing that no forward guidance on future interest rate policies would be given. Walsh noted that the Federal Reserve is establishing independent working groups to conduct research on topics such as monetary policy communication, economic data systems, productivity, the inflation framework, and balance sheet policies. He stated that if the existing policy framework affects decision-making efficiency, reforms should be implemented. (Xinhua News Agency)