US Economy Expands at Sluggish Rate Amid Persistent Inflation

The US economy expanded at a sluggish 1.5% rate in the second quarter of this year, according to latest data released by various sources.

This growth rate is significantly lower than what economists had predicted, as inflation remained stubbornly high throughout the period.

Federal Reserve Board Chairman Kevin Warsh spoke about the economy's performance, highlighting that inflation remains a major concern. He noted that prices are still rising, and this trend needs to be addressed.