Warsh: Inflation remains elevated, but economic activity is expanding at a solid pace.

BlockBeats news, September 17: Federal Reserve Chairman Warsh stated that the Federal Open Market Committee decided to raise interest rates by 25 basis points. He said inflation remains elevated, but economic activity is expanding at a solid pace, and key economic indicators have improved in recent months.

Warsh stated that this rate hike was made against the backdrop of an economy that appears to be strengthening. He also noted that financial conditions are not restrictive, a view that is widely shared within the FOMC.