Warsh Says Fed May Have ‘Work to Do’ as Inflation Progress Fails to Convince

‼️ BREAKING: Fed Chair Kevin Warsh said the central bank may still have more work to do on inflation, arguing that financial conditions do not appear restrictive and recent price data have not yet established a convincing improvement in the underlying trend. He said the Fed must see inflation moving clearly and quickly toward its target, but did not indicate whether he would support a rate increase at next month’s meeting or provide further policy guidance.

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