WHAT THE FED CHAIRMAN SAID ABOUT INFLATION
Mr. Kevin Warsh, Fed Chairman, stated he will make inflation a thing of the past. He believes the previous Fed was wrong to let inflation exceed 2%, causing prices to rise for years.
The US economy is still growing well and AI investment will improve efficiency, easing price pressure later.
He wants to keep interest rates high for a long time to stabilize prices.
The statement shows the Fed is determined to control inflation strongly.
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