Top Federal Reserve officials welcomed fresh data showing US consumer price inflation cooled in June but stressed that policymakers would need several more months of similar readings before gaining confidence that inflation is on a sustained downward path, according to Reuters.
The comments from Federal Reserve Chair Kevin Warsh and Chicago Fed President Austan Goolsbee indicate that while the case for a near-term interest rate hike has weakened, policymakers are not yet ready to conclude that inflation risks have faded.
