US Inflation Hits 3-Year High Under New Fed Chair Warsh
The April 2026 Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, accelerated to its fastest annual pace in three years. This marks the first inflation report since Kevin Warsh assumed the role of Federal Reserve chair. The data, released by the Bureau of Economic Analysis, showed consumer spending also rose, reflecting persistent price pressures. The report is likely to influence monetary policy decisions amid ongoing debates about interest rates and economic growth.
Key facts
- April 2026 PCE inflation hit a 3-year high.
- This is the first inflation reading under new Fed Chair Kevin Warsh.
- The PCE is the Federal Reserve's preferred inflation gauge.
- Consumer spending increased in April.
- The data was released by the Bureau of Economic Analysis.
- The report signals persistent price pressures.
- Kevin Warsh became Fed chair before this report.
- The inflation pace is the hottest in three years.
Entities
Institutions
- Federal Reserve
- Bureau of Economic Analysis
Locations
- United States
Sources
- Quartz —