Fed Chair Warsh vows 2% inflation, but soaring US debt may make it impossible

New Federal Reserve Chair Kevin Warsh has pledged to bring inflation back to 2%, but analysts warn that the US government's soaring debt load may make that goal unattainable. Washington effectively needs higher inflation to erode the real value of its debt, creating a fundamental conflict with the Fed's mandate. The tension between fiscal and monetary policy puts Warsh's promise under serious strain.