Fed Chair Warsh Says US Economy Strengthened
Federal Reserve Chairman Kevin Warsh stated that the U.S. economy has strengthened with full employment. However, inflation trends show little improvement, remaining the primary economic problem.
Federal Reserve Chairman Kevin Warsh raised rates on Wednesday afternoon, pointing to a stronger United States economy and persistent inflation pressures. Underlying growth has accelerated since June, with the labor market operating at full employment. Price stability has eluded policymakers for over five and a half years.
