Federal Reserve Chair Kevin Warsh used his first Jackson Hole address on Friday to argue that financial conditions are not restrictive and that underlying inflation has not meaningfully improved, a hawkish assessment that strengthens the case for a rate hike, while ruling out forward guidance.

Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole address on Friday with long-term borrowing costs elevated, inflation above target and the US Treasury already…

Fed Chair Kevin Warsh delivers his first Jackson Hole address as 30-year yields top 5.2% and US inflation stays above target for a fifth straight