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Fed Chairman Kevin Warsh says the inflation outlook is improving.
Expectations of inflation over the first four months, first four weeks of this period, they've come down.
Inflation risks have come down.
But won't say if the central bank should lift rates.
Plus, President Trump takes his maiden flight on the new Air Force One plane that was gifted by Qatar.
And the signature trade agreement between the U.S., Canada and Mexico is in doubt.
It's Wednesday, July 1st.
I'm Alex Ocelot for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
Reserve Chairman Kevin Warsh said today that the risks of higher inflation have receded in his first weeks on the job.
He sees that as evidence that markets have already grasped his hard line on prices.
Warsh was speaking at a conference of central bankers in Portugal.