Latest inflation report kicks off pivotal day for Fed Chairman Warsh | Fed Chairman Warsh promise…


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Latest inflation report kicks off pivotal day for Fed Chairman Warsh

• The latest monthly inflation report showed that the pace of price hikes slowed sharply in June as tensions eased in the Middle East and energy prices dropped. But with the United States and Iran now back to exchanging military attacks, that relief could prove short lived.

• The data came ahead of Kevin Warsh’s first appearance on Capitol Hill as Fed chairman, where he is delivering his semiannual testimony to the House Finance Committee.

• Warsh is expected to reaffirm for lawmakers the central bank’s commitment to bringing down inflation and could offer fresh insight into how he sees the US economy.

Fed Chairman Warsh promises inflation will be a ‘thing of the past,’ cites ‘mistake’ of prior policy

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