Federal Reserve Chief Kevin Warsh stated that inflation remains "too high" but refrained from indicating whether the central bank would raise interest rates at its upcoming July meeting. He did not hint at the specific outcome of the decision.
Warsh also noted that the risk posed by inflation has decreased compared to several weeks ago. He emphasized that policymakers would make a decision on a potential rate hike during their next meeting, once discussions conclude. His reform-focused approach is reportedly gaining international support.
Despite acknowledging high inflation, Warsh did not confirm if higher rates are warranted at this time. This is a developing story and will be updated as details emerge.
