Warsh says inflation remains elevated, price stability is Fed’s top priority

Kevin Warsh, chairman of the U.S. Federal Reserve, said at a press conference that inflation remains elevated and the Fed’s top priority is price stability. Warsh added that inflation pressures remain broad, noting that a substantial share of the 199 detailed categories in the personal consumption expenditures price index, the Fed’s preferred inflation gauge, have posted gains of more than 3%.

Source: Coinness