Kevin Warsh: Inflation Far Exceeds Fed Target
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Federal Reserve Chairman Kevin Warsh stated that inflation is far exceeding the Fed's long-term 2% target, noting that U.S. economic activity continues to grow despite the pressures of tensions in the Middle East.
He added that they are working to form a specialized task force to reshape the way the Federal Reserve operates, as well as to evaluate current economic data sources to improve the quality of information and decision-making.
Original source: Maaal
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