Fed Targets Inflation Amid Rising Costs | Raleigh News

Raleigh News Today | 2 Min News | The Daily News Now! · Jul 2, 2026 · 1m

Inflation’s grip tightens as everyday costs soar despite falling oil prices and eased global tensions. Fed Chair Kevin Warsh signals reduced inflation risks but reaffirms the central bank’s unwavering focus on returning prices to 2% — no mercy for those hoping inflation will linger. Balancing job growth and price stability remains a delicate act, with rate hikes now on the table to cool inflation, even as employment concerns loom. Warsh also pushes for shrinking the Fed’s massive balance sheet — a process he estimates could take 18 weeks — to restore control and future flexibility. The…