June CPI Report Doesn't Mean 'mission Accomplished,' Says Warsh

Dow Jones07-15 00:53

Tuesday's consumer-price index report, which showed overall prices declined 0.4% over the month in June due to a drop in gasoline costs, was "positive relative to expectations," said Fed Chairman Kevin Warsh. But he added that one month of data is "not for cherry picking. I'm not going to show up here and say 'mission accomplished.'"

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