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Fed Chair Warsh condemns inflation while dodging on hikes
US Federal Reserve Chair Kevin Warsh emphasized the Fed's commitment to addressing inflation, dismissing a recent decline in consumer prices as 'just one datapoint' and avoiding direct answers about potential rate hikes. President Donald Trump cited the same inflation data to claim administrative success, while Warsh linked higher mortgage rates to inflation exceeding the Fed's goals.
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- Kevin Warsh won’t say if the Fed is done raising rates, even as he says the Fed has ‘no tolerance’ for high inflation and Trump pressure looms
- Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
- Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move
- Warsh to say Fed has 'no tolerance' for high inflation but provides no hints on next move
- Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move
- Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move