Federal Reserve Chair Kevin Warsh may not like forward guidance, but he spent five hours answering lawmakers' questions this week. What they learned.

The consumer price index rose 3.5% in June from a year earlier, a deceleration after several months of upward moves.

Gen Z consumers are experiencing higher levels of inflation than other generations, new data from the company Numerator revealed.

Dallas Fed President Lorie Logan said the Federal Reserve should raise interest rates to combat elevated inflation—remarks suggesting she could be prepared to dissent against a decision to hold rates steady later this month.

Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.

Kevin Warsh appeared before lawmakers on Capitol Hill for the first time as Fed chairman, where he delivered his semiannual testimony to the House Finance Committee. • Warsh reaffirmed the central bank’s commitment to bringing down inflation and said that the Fed will remain free of political influence.

Roubini sees forces in markets and the broader economy pushing inflation higher over time, which he says could lead to a drastic surge in bond yields.

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