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Fed Chair Waller: US Economic Growth Momentum Strengthens, but Inflation Remains a Problem
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In a statement reported by Jin10 Data on September 17, Federal Reserve Chair Warsh assessed the current state of the U.S. economy. He stated that since the last Fed policymakers' meeting in June, the economy has strengthened and the labor market is essentially at full employment. However, Warsh noted that inflation trends have shown no improvement. He emphasized that there is now broad evidence indicating the economy has indeed strengthened, with underlying drivers of economic growth gaining momentum. The primary issue, according to Warsh, is inflation, as the challenge of price stability has persisted for more than five and a half years. This commentary provides an update on the Fed's view of key economic indicators, highlighting a divergence between improving growth and employment conditions versus stubborn inflation pressures.
Source report
Jin10 Data, September 17 — Federal Reserve Chair Warsh stated that since the last meeting of Fed policymakers in June, the U.S. economy has strengthened, the labor market is essentially at full employment, while inflation trends have shown no improvement.
Warsh remarked:
"Even over the past few weeks, I believe there is now broad evidence indicating that the economy has indeed strengthened. The underlying drivers of economic growth are gaining momentum. The issue lies with inflation; the challenge of price stability has persisted for more than five and a half years."
Source
金十数据Neutral / independent
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Fed Chair Warsh says inflation too high, summer data shows no improvement