The too-hot-for-comfort economy — SkimNews
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- Bureau of Labor Statistics data this week consistently showed a 'rip-roaring' U.S. economy accompanied by inflationary pressures, according to the source.
- The Fed, including Warsh, faces a 'difficult jam' as top officials have signaled patience despite the hot-economy signals.
Why it matters: With BLS data showing a 'rip-roaring' economy carrying inflationary pressures, the Fed's signaled patience — cited by top officials — collides with accelerating prices, placing Warsh and the central bank in what the source calls a 'difficult jam.'
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