WS #12048
Fed Chair Warsh reaffirmed commitment to independent monetary policy and price stability, stating inflation is a choice and the Fed will deliver on its mandate; no surprise policy changes expected. June CPI came in at 3.5% annually vs 3.8% expected, first decline in six years, leading to lower bond yields and reduced Fed rate hike expectations, but oil price resurgence threatens to reverse the trend.
Fed Chair Warsh Testimony
Fed Chair Warsh reaffirmed commitment to independent monetary policy and price stability, stating inflation is a choice and the Fed will deliver on its mandate; no surprise policy changes expected.
June CPI came in at 3.5% annually vs 3.8% expected, first decline in six years, leading to lower bond yields and reduced Fed rate hike expectations, but oil price resurgence threatens to reverse the trend.