Warsh: Economic growth momentum is strengthening, the problem lies in inflation.

Odaily Planet Daily reports that Federal Reserve Chairman Warsh stated that the U.S. economy has strengthened since Fed policymakers last met in June, with the labor market nearing full employment, while inflationary trends have not improved. Warsh said, "Even in the last few weeks, I think there is now broad data indicating that the economy has indeed strengthened. The underlying drivers of economic growth are strengthening. The problem is inflation; the issue of price stability has persisted for more than five and a half years." (Jinshi)