WS #12053
Warsh strikes hawkish tone on inflation, says Fed independence sacrosanct, no tolerance for elevated inflation, but notes AI may boost productivity long-term. JPMorgan reports Q2 EPS $7.70 vs $5.80 estimate, revenue $57.35B vs $51.30B, signaling strength in banking sector.
Fed Chair Warsh testimony
Warsh strikes hawkish tone on inflation, says Fed independence sacrosanct, no tolerance for elevated inflation, but notes AI may boost productivity long-term.
JPMorgan reports Q2 EPS $7.70 vs $5.80 estimate, revenue $57.35B vs $51.30B, signaling strength in banking sector.