Federal Reserve Chairman Kevin Warsh took a hawkish stance on inflation on Friday, indicating that he views the economy as strong, labor markets as healthy, and inflation still too high and showing little signs of progressing toward the Fed’s two percent goal.
“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do,” he said in his debut speech as Fed chair at the Kansas City Fed’s annual symposium in Jackson, Wyoming.
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