Kevin Warsh Says Inflation Risks Have Eased but Rejects Early Guidance on Easing Path

Kevin Warsh acknowledged that inflation risks have cooled but reiterated that he will not provide an early roadmap for monetary easing. According to Jin10, Warsh also said that phased hiring tied to the World Cup is lifting headline employment figures, but the underlying strength of U.S. labor demand at the lower end may be far less impressive than the headlines suggest.