[Economics Nobel Prize winner Krugman commented on the latest speech of the Chairman of the Federal Reserve: Very traditional, not radical, which is good] August 31st, Nobel Prize winner in economics and American economist Paul Krugman said in a media interview on August 29, local time, that Federal Reserve Chairman Warsh’s speech was “utterly conventional” and did not release any radical policy signals. Krugman believes that "the important thing about Wash's speech is not what he said, but what he didn't say." Krugman noted that in the past few months, Warsh had raised concerns about the need for a different measure of inflation and suggested that the current inflation situation might not be that concerning. But in the speech, Warsh clearly sided with traditional inflation measures, which are still above the Fed's 2% inflation target. "So, compared to his previous statements, this speech is at least more hawkish." Krugman said.