Federal Reserve Chair Warsh said the central bank must be confident that underlying inflation is moving toward its target — otherwise, more work remains. He also said it is hard to describe financial conditions as restrictive, and that inflation data do not show a significant improvement in the trend. The Fed's primary focus at this point, he said, should be prices. The remarks were reported by Jinshi.
Federal Reserve Chair Warsh said the central bank must be confident that underlying inflation is moving toward its target — or, as he put it, there is more work to do. He added that financial conditions are difficult to describe as restrictive, and that inflation data have not shown a significant improvement in the trend. The Fed's main focus right now, Warsh said, should be prices. The remarks were reported by Jinshi via Odaily.
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