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YouTubeCNBC Television
Kevin Warsh says the Fed has struggled to communicate its commitment to lower inflation
Chairman Warsh reiterated that the Fed is committed to bringing inflation back down to 2%. “The commitment to deliver is strong, unanimous, and unambiguous, and that’s I think an important message we’ve missed for five years, and we’re going to fix that.”
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Canada’s inflation rate has risen to 3.2 per cent in May, compared to 2.8 per cent in April, mainly due to the Middle East war driving up the cost of gasoline. The price of vegetables is also up nine per cent compared to last year; tomatoes jumped up 45 per cent due to supply issues. #inflation #Canada #economy #gasprices #CBCNews
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