Lates News

Federal Reserve Chairman Kevin Wash said central bank decision-makers will never tolerate high inflation. He reiterated his determination to control rising prices as the issue has persisted for five years. In a speech published by the Federal Reserve, he said, "Our committee members cannot tolerate sustained high inflation." "We are all determined to restore price stability." "If we can implement the right policies - and we can - then the inflation problem of the past five years will become history." Wash's speech was prepared before the release of U.S. CPI data in June.