• We have too high inflation.
• Inflation has got to be front of mine when Warsh starts as chair
• The job market is stable.
• If cut rates too much, you ignite inflation more.

Comments are congruent with his comments from late last week. Fed officials cannot exhort inflation ignore. The markets are pricing in a 50% chance of a rate hike by the end of the year.

This article was written by Greg Michalowski at investinglive.com.



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