Fed Chair Warsh Says Plain Fact Is Inflation Is Too High And Has Been For Too Long; Summer Data Does Not Tell Me Inflation Situation Has Improved; Too Many Categories Are Posting Increases Above 3% On Both 6 And 12 Month Basis; In July We Expressed Joint Readiness To Act; We Must Be Confident Underlying Inflation Must Be Moving To 2% On Timely Basis; FOMC Decided This Has Not Been Met; Did Not Submit A Dot; Fed Has A Role In Sustaining Economic Progress Occurring Right Now
https://www.youtube.com/watch?v=D_5bQnxxWAE
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Why It Matters
The head of the Federal Reserve says prices are still going up too much. When you look at company stocks, watch whether businesses can make money if costs keep rising.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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