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The emergency departments are bare in the storm of cost pressures in the hospitals. And in the current financial situation, the incentive to cut costs is brutal.

— Matthias Brachmann, health economist at the University of Witten/Herdecke; commentary on cost pressures and the incentive to cut spending in the health system

The plain fact is that inflation is too high, and has been for too long, Warsh said in a press conference after the Fed announced the rate hike on Wednesday, stressing that the Fed wants to take a "timelier" approach to curb price increases.— Warsh said in a press conference after the Fed announced the rate hike on Wednesday, stressing that the Fed wants to take a "timelier" approach to curb price increases.