Warsh says US economy has strengthened, inflation is the problem
SPY•Warsh says the economy has strengthened, but inflation remains a concern
Sept. 16 (Reuters) - Federal Reserve Chairman Kevin Warsh said on Wednesday that the U.S. economy has strengthened since Fed policymakers last met in June, with a labor market essentially running at full employment, while inflation trends have shown little improvement.
"Even over the last several weeks, I think we now have data broadly defined that says the economy has indeed strengthened," Warsh told a news conference after the Fed hiked rates. "Underlying growth is higher. Inflation is the problem. Stable prices have been the problem for more than five and a half years."
