Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.

“There’s plenty of work to do” to reduce inflation to an acceptable level, Federal Reserve Chair Kevin Warsh said in testimony before the House Financial Services Committee.

Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central…