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Federal Reserve official Warsh noted that while summer inflation data has improved, underlying trends remain largely unchanged.
He emphasized the need for confidence that inflation is returning to target levels, stating that significant work is required if not.
Warsh also mentioned that consumer spending is strong, the labor market is stable, and business investment is growing, despite financial conditions being hard to classify as restrictive.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.