Inflation Slows to 3.5% as Fed Chair Kevin Warsh Commits to Reaching 2% Target
Consumer inflation slowed to an annual rate of 3.7% in June, down from May's 4.2%, driven largely by a sharp drop in energy prices. Federal Reserve Chair Kevin Warsh emphasized the need for continued efforts to bring inflation back to the Fed’s 2% target.
Topics: CPI report Federal Reserve inflation