Fed Chair Warsh said that while the PCE and CPI data released in the summer were better than expected, they still have not convinced him that the underlying inflation trend has improved significantly.

Warsh said that with inflation still above 2%, the Fed’s current priority should be price stability. He emphasized that this goal is not achieved on its own and that the Fed is responsible for bringing inflation back onto a stable path.

Warsh’s remarks came after criticism that his simplified communication strategy lacked clarity on the economic outlook and monetary policy in the near term.

In a widely anticipated speech, Warsh provided more detailed information about the economic situation and the Fed’s key policy priorities under his leadership. He is expected not to answer questions from central bank officials and economists.

Source: https://tintucbitcoin.com/warsh-dap-lai-lo-ngai-ben-ngoai-nhan-manh-uu-tien-kiem-soat-gia/

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