Fed Chair Warsh's preferred inflation measure is cooling. A big pinch of salt is advised - MSN

Rising inflation could derail the S&P 500's rally this year by potentially prompting tighter monetary policy.

A key inflation gauge reached a three-year high due to widespread price increases across the economy.

The Fed is confronted with difficult decisions as economic growth slows while inflation continues to rise.

The Treasury Secretary described the economy as 'challenging' due to rising inflation and slowing growth.

Kevin Warsh faces the challenge of containing Fed hawks amidst simmering inflation, indicating ongoing policy debates.