Fed's Paulson Says Best You Can Say About Inflation Is That It Has Not Gotten Worse; Inflation Balance Of Risks Shifted Ahead Of September Policy Meeting; AI Buildout Helping Drive Inflation Pressures; Underlying Inflation Remains Stubbornly High; Economy Resilient And Showing Signs Of Increased Momentum; Labor Market Is Stable
https://www.philadelphiafed.org/the-economy/monetary-policy/260924-10th-annual-fintech-conference-speech
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Why It Matters
The Fed leader says prices are still too high and not falling much. Companies might keep raising prices because the economy stays strong.
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