Kevin Warsh: “When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger…”

The plain fact is that inflation is too high, and has been for too long.

But what we can do and will do is ensure that any change in relative prices don’t broaden out, don’t have second and third order effects on the economy.

Too many categories are still posting increases above 3 percent on both a six and 12-month basis.

In general, though, people who want to work, by and large, are holding or finding jobs.