Warsh Says Inflation Too High: 2% Is a 'Firm, Fixed Target'
Fed Chairman Kevin Warsh says PCE inflation at 3.7% makes prices the Fed's predominant focus, and won't call financial conditions restrictive.
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Why It Matters
The person leading the Federal Reserve says prices are going up too much right now and need to come back down to 2%. This tells you that keeping inflation low is their main job and they're watching it carefully.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.