💬 Quoted… ​​“We can’t fail on this. We really have to get inflation down.”

• Fed Chair Jerome Powell told Congress yesterday that the central bank will be reluctant to shift from its strategy of raising interest rates until inflation is down, even if the US economy enters a recession.

💊 Stat of the Day: Medicare could have saved up to $3.6 billion in a single year if it were purchasing generic drugs as Mark Cuban's online pharmacy does, according to new peer-reviewed research published in the Annals of Internal Medicine.

🌎 Around the World: Ukraine and Moldova both became official EU membership candidates yesterday, the first step in possible membership sometime in the years to come.

🤯 Did You Know?... The strongest insect in the world is the horned dung beetle, which can carry loads more than 1,100 times its body weight – the equivalent of an average man lifting two 18-wheeler trucks.

📖 Worth a Read: 'Just Stop Buying Lattes': The Origins of a Millennial Housing Myth → (The Hustle)