Federal Reserve Chairman Kevin Warsh: Economic growth is strong but inflation is too high; credit conditions have not reached the level of tightening.

Federal Reserve Chairman Kevin Warsh stated that economic growth and the labor market are strong, but inflation remains too high. Warsh noted that the third quarter saw rapid economic growth, driven by consumer spending and investment in high-tech companies, and that the unemployment rate remained low. He emphasized that reducing inflation is the Fed's responsibility and acknowledged that credit conditions have tightened somewhat, but declined to describe it as a contraction. (Source: Jinshi)