WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Frida y that opened the door to potential rate hikes in the coming months.
WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Frida y that opened the door to potential rate hikes in the coming months.
In doing so, Warsh has put more pressure on the central bank to increase interest rates when it next meets in mid-September if inflation doesn’t improve. The government’s next price report, to be released just days before the meeting, could play an outsize role in determining whether the central bank acts.
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US Federal Reserve Chair Kevin Warsh’s comments reassured investors that fighting inflation remains the Fed’s main priority.
“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said.…
