Warsh Could Find Inflation Too Hot to Handle
Pressure for rate cuts is running into a wall of a reality from the Iran war.
Caught in a crossfire between inflation and Trump’s expectations.
Source: Bloomberg
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US inflation is too hot for comfort. The numbers for April reveal that the headline rise in consumer prices reached 3.8%, continuing an upward trend that started before the Iran war and well above the Federal Reserve’s upper band target of 3%. Overall inflation hasn’t been this high in three years: