Warsh Fed Chair: Economy Strong but Inflation Remains Problem

Fed Chair Kevin Warsh said the U.S. economy is strengthening but inflation remains a problem. Speaking at a press conference on Thursday (local time), Warsh stated that "the economy is getting stronger" while noting that "inflation has been too high and lasted too long." The Fed raised its benchmark interest rate by 0.25 percentage points, adjusting the target range to 3.75-4%. This marks the first increase since 2023.