According to CoinMeta, Federal Reserve Chairman Kevin Walsh warned Wall Street at a recent press conference, emphasizing that the central bank's inflation target is 2%. He stated that current inflation levels are far above this target, and data from the Personal Consumption Expenditures Price Index (CPI) show that inflation has risen by 3.7% over the past year. If this Wednesday's inflation data does not show substantial progress towards the 2% target, it is expected that the Federal Reserve will raise interest rates by 25 basis points at its September meeting. Walsh's statement indicates that the Federal Reserve may abandon its flexible inflation target and adopt a more stringent policy instead.