News Wrap: Fed Chair Warsh pledges inflation will be 'thing of the past'
Summary
Federal Reserve Chair Kevin Warsh told Congress that inflation will soon end. The CDC reported nearly 7,000 cases of cyclosporiasis across the country. New York has stopped new large data center projects for now.Key Facts
- Federal Reserve Chair Kevin Warsh spoke to the House Financial Services Committee.
- He said inflation will be "a thing of the past."
- The CDC has confirmed or suspected almost 7,000 cases of cyclosporiasis nationwide.
- Cyclosporiasis is an illness caused by a parasite.
- New York is the first state to pause building large data centers.
- This pause is called a moratorium.
- The halt applies to new big data center construction projects.
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