- Warsh said inflation is not meaningfully slowing and that policymakers have more work to do before they are confident it is returning to target.
- Bond traders responded to Warsh’s hawkish tone by increasing rate-hike bets after long-dated Treasury yields had reached a nearly two-decade high earlier in the month.
- Chicago Fed President Austan Goolsbee said inflation remains elevated and described signs of an overheating economy, including GDP growth driven largely by AI and data-center investment.
Quotes
“inflation isn’t meaningfully slowing”
“work to do”
“There are signs all over that the economy is overheating”