Fed Chair Warsh: Inflation isn’t slowing, vows to reach 2% target
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Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the US central bank has “work to do.” The comments reassured investors, who boosted bets that the Fed will raise interest rates this year — possibly as soon as next month — to rein in inflation. In his first speech since becoming Fed chairman in May, Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fix
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Federal Reserve chair Kevin Warsh has signalled the central bank is prepared to raise rates if inflation does not fall soon, as he warned that persistently high price growth had become 'more concerning'. https://t.co/GRRUjAld9Q https://t.co/Ea9ugkkYKA
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Fed Chair Warsh: Inflation isn’t slowing, vows to reach 2% target
866 views1 day ago
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