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Fed Chair Warsh signals rate hikes may be needed as US inflation remains elevated
Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has previously sent about his economic outlook. In his first high-profile speech at the Fed’s annual conference in Jackson Hole, Wyoming, Warsh acknowledged that recent US reports show that inflation has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved”.
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npr.org
Fed's Kevin Warsh warns inflation is too high, sparking bets rate hikes are coming
Fed Chair Kevin Warsh reiterated his commitment to fighting inflation in a major speech — raising expectations that rate hikes may be coming, though he did not clearly spell out a…
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apnews.com
Fed Chair Warsh signals rate hikes may be needed with inflation still elevated
Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer…
