Federal Reserve Chair Kevin Warsh made it clear that inflation control is a top priority. He suggested that to combat escalating price pressures, interest rate hikes may soon be necessary. This announcement sent the markets into a hawkish frenzy, heightening expectations for a rate increase come September. Investors remain cautious, eagerly anticipating key economic data on jobs and inflation for guidance on potential Fed actions.

New Federal Reserve chair Kevin Warsh has brought sharp change in how the central bank communicates by saying much less than his predecessors about the economy and inflation

Federal Reserve Chair Kevin Warshs first Jackson Hole speech comes as markets grapple with sticky inflation, elevated oil prices and shifting rate expectations. Investors will…